Iron ore futures dropped at the start of second trading week of the new year, as restocking activities slowed down, while rising omicron cases caused panic in the market. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.03% day-on-day or down RMB 14.50 to RMB 699.50/mt, during the day trading …
Author archives: Titus Zheng Shujian
Ferrous trade weekly review 7/1/22
A total of 1.26 million mt of iron ores was traded for the week ended Jan 7, down 8.36% on-week despite better restocking activities and healthy steel margins. According to trade sources, there was some easing of output restrictions for mills that comply with environmental regulations, which increase steel productions. During the week, the trades …
Daily DCE Review 7/1/22
Iron ore futures gained further on lower steel stocks, though there was some recovery from previous lows, being backed by higher production. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 1.41% day-on-day or up RMB 10 to RMB 719/mt, during the day trading session on Friday. The rebar futures …
Daily DCE Review 6/1/22
Iron ore futures maintained bullish run over market optimism for restocking demand and better steel margins from higher steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 4.14% day-on-day or up RMB 28.50 to RMB 717/mt, during the day trading session on Thursday. The rebar futures also went …
Daily DCE Review 5/1/22
Iron ore futures extended gains upon market optimism of restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 2.13% day-on-day or up RMB 14.50 to RMB 694/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.09% day-on-day …
Daily DCE Review 4/1/22
Iron ore futures rose on market optimism over positive China’s economic data, though there were some market concerns over the slowing property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 2.23% day-on-day or up RMB 15 to RMB 689/mt, during the day trading session on Tuesday. The rebar …
Ferrous trade weekly review 31/12/21
A total of 1.375 million mt of iron ores was traded for the week ended Dec 31, as trades picked up with restocking activities for the pre-Lunar New Year period. There was some easing of output restrictions for mills that met the environmental requirement, which led to increase in productions. During the week, the trades …
Daily DCE Review 31/12/21
Iron ore futures rose for the second consecutive trading day, amid falling steel stocks and market anticipation of better restocking activities ahead. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 0.89% day-on-day or up RMB 6 to RMB 680/mt, during the day trading session on Friday. The rebar futures, …
Daily DCE Review 30/12/21
Iron ore futures rebounded from previous trading day losses, amid slowdown in steel demand and weak market outlook for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 0.98% day-on-day or up RMB 6.50 to RMB 669.50/mt, during the day trading session on Thursday. The rebar futures, …
Daily DCE Review 29/12/21
Iron ore futures continued to slide in the trading session today, amid market sentiment of slowing steel demand for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.92% day-on-day or down RMB 13 to RMB 663/mt, during the day trading session on Wednesday. The rebar futures also …