Iron ore futures moved upward on the day session, despite an industry event held in Singapore that drew most of the major industry players. The futures of Dalian Commodity Exchange (DCE) then hiked slightly by 0.91% day-on-day or up RMB 7.50 to RMB 829/mt, during the day trading session on Monday. The rebar futures also …
Author archives: Titus Zheng Shujian
Daily DCE Review 13/05/22
Iron ore futures ended the week on gains, despite dipping the morning session then only to rebound in the afternoon trading session. The futures of Dalian Commodity Exchange (DCE) then hiked slightly by 0.98% day-on-day or up RMB 8 to RMB 823/mt, during the day trading session on Friday. The rebar futures also climbed by …
Daily Capesize Review 12/05/22
Capesize freight rates booked gains despite a late selloff session, as trade participants engaged in profit-taking activities. The Capesize 5 time charter average, then rose by $1,734 day-on-day to $32,885 on Thursday, after a choppy session. The Baltic Dry Index (BDI) then rose by $65 day-on-day, or up 2.13% day-on-day to $3,117, due to better …
Daily DCE Review 12/05/22
Iron ore futures dipped in the day session, despite opened higher in the morning amid market concern over weak steel margins. The futures of Dalian Commodity Exchange (DCE) fell by 1.36% day-on-day or down RMB 11 to RMB 796/mt, during the day trading session on Thursday. The rebar futures also dropped by 0.99% or down …
Daily DCE Review 11/05/22
Iron ore futures rose in the day session, after a slow start at the beginning of the week, due to market concerns over declining steel demand. The futures of Dalian Commodity Exchange (DCE) hiked by 5.32% day-on-day or up RMB 41.50 to RMB 821/mt, during the day trading session on Wednesday. The rebar futures also …
Daily DCE Review 09/05/22
Iron ore futures started the week on softer note, due to declining steel margins and slow demand. The futures of Dalian Commodity Exchange (DCE) dropped by 5.78% day-on-day or down RMB 49.50 to RMB 806.50/mt, during the day trading session on Monday. The rebar futures also fell by 3.72% or down RMB 180 day-on-day to …
Daily DCE Review 06/05/22
Iron ore futures ended the week on decline, despite rebounding earlier on the week since the return of Chinese trade participants from the long holidays period. The futures of Dalian Commodity Exchange (DCE) dropped by 5.12% day-on-day or down RMB 44.50 to RMB 825/mt, during the day trading session on Friday. The rebar futures also …
Daily DCE Review 05/05/22
Iron ore futures rose at the day session, as the Chinese trade participants returned from the long holidays period. The futures of Dalian Commodity Exchange (DCE) rose by 1.87% day-on-day or up RMB 16 to RMB 871.50/mt, during the day trading session on Thursday. The rebar futures also hiked by 1.23% or up RMB 60 …
Daily DCE Review 29/04/22
Iron ore futures extended gains on the trading session, though restocking activities came to an end ahead of the long holidays in early May. The futures of Dalian Commodity Exchange (DCE) rose by 4.19% day-on-day or up RMB 35 to RMB 869.50/mt, during the day trading session on Friday. The rebar futures also hiked by …
Ferrous Trade Weekly Review 29/04/22
A total of 810,000 mt of iron ores was traded for the week ended Apr 29, as Chinese restocking activities came to close before the upcoming long holidays in China. There were also some market concerns over widening lockdown measures in China, though both major cities like Beijing and Shanghai experienced some stabilization over previous …