Iron ore futures rose for the second consecutive day on Tuesday, in view of supply tightness in the market. At the closing of the afternoon session, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 2.44 % or RMB 20 day-on-day to RMB 838.50 a tonne. Likewise, the steel …
Monthly archives: July 2020
Steel & Scrap Morning Report
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
After flaming June, dry July for oil market?
Rising COVID-19 cases globally reached 13 million infections and half million deaths, remaining a key drag on market sentiments. With California, the Philippines, Hong Kong and Australia tightening restrictions again as daily infections spike, July could be an even more challenging month for oil than expected. Moreover, the market will be monitoring closely the …
Continue reading “After flaming June, dry July for oil market?”
