DCE rises slightly on good PMIs

Iron ore futures opened lower, but ended slightly higher on a late market rally, following better economic indicators from China. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 0.28% or RMB 2.50 day-on-day to RMB 908.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, …