Monthly archives: May 2021

FIS Singapore Iron Ore Derivatives Report 14/05/2021

Iron Ore Market Update Market Commentary Iron ore futures sank over 10% to below $190 on Friday as China steps up its efforts to tame surging commodities prices. Iron ore has had a rollercoaster ride this week, surging to historical high of above $233 on Wednesday but concerns over regulatory intervention saw the steelmaking ingredient …

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Ferrous Trade Weekly Review 14/5/21

A total of 1.06 million mt of iron ores was traded for the week ended May 14 and witnessed the iron ore prices to go above the record-high $230/mt level on good Chinese steel demand. Apparently, restocking activities did not slow down after the post-holidays market and the high steel demand and lower inventory continued …

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Daily DCE Review 14/5/21

Iron ore futures ended the week on sharp drop on morning session, despite some recovery late in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 7.49% on-day or down RMB 95 to RMB 1,173/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also plunged …

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