DCE rallies for another record-breaking round on reduced Brazilian supply

Iron ore futures set for another record-breaking level, due to market concerns over reduced supply from Brazil’s Vale. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by1.63% or RMB 15.50 day-on-day to RMB 937/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, however dipped by 1.23% or RMB 48 …