FIS Singapore Iron Ore Derivatives Report 01/07/2021

Market Commentary Iron ore futures extended the gains on Thursday despite rising steel stockpiles and weaker-than-expected factory activity. China’s factory activity expanded at a slower pace in June, as the resurgence of coronavirus cases in the export province of Guangdong and supply chain woes drove output growth to the lowest in 15 months, the Caixin/Markit …

Daily DCE Review 1/7/21

Iron ore futures rebounded on Thursday, due to supply tightness and expected reduced steel output for the second half of the year. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.08% day-on-day or up RMB 12.50 to RMB 1,166/mt at the close of day trading session on Thursday. The rebar …