Monthly archives: January 2021

Ferts in Focus 20/1/21

*Urea markets surge to start 2021* Urea futures markets were led higher by significant trading activity in Nola urea to start the year. The bull run was based on strong domestic fundamentals – grain economics and strong prepay demand – as well as the return of participants to the market after a wind down throughout December and …

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Ferrous trade weekly review 22/1/21

A total of 1,480,000 mt of iron ores was traded for the week ended Jan 22, up almost 28% as compared to previous week, amid the pre-Lunar New Year restocking activities. During the week, the market participants were concerned cyclone development in Australia, and the aftermath of fire incident in Vale’s Ponta do Madeira iron …

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Daily DCE Review 22/1/21

Iron ore futures opened high, but only to face a selloff at the start of afternoon session and closed lower by day-end. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.48% day-on-day or RMB 5 to RMB 1,046/mt on Friday. The steel rebar contract on the Shanghai Futures …

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