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Stock impact report

UPDATE 1-China ferrous futures rise on demand hopes [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
UPDATE 1-China ferrous futures rise on demand hopes * Dalian iron ore closes up 2.8%, rebar gains 0.9% * China’s coronavirus epicentre Wuhan lockdown ends (Recasts; Updates with closing prices) BEIJING, April 8 (Reuters) - Ferrous futures in China jumped on Wednesday after a two-month lockdown in the city of Wuhan ended, raising hopes of a demand pick-up as economic activities resumed in the country. Wuhan, where the novel coronavirus first broke out, started to allow people to leave the city if they were healthy, as new infections dropped to a trickle in the past three weeks. Benchmark iron ore futures on the Dalian Commodity Exchange , for May delivery, closed up 2.76% at 651 yuan ($92.17), after rising 3% earlier in the day. The most-traded October steel contracts on the Shanghai Futures Exchange also gained, as construction and manufacturing activities resumed in the world’s second-biggest economy. Last month, digger sales at some major producers such as XCMG Construction Machiner Show less Read more
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