FIS Singapore Iron Ore Derivatives Report 24/06/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Thursday over declining mills profitability in China. Steel margins in China took a beating following the nation’s high-profile crackdown on surging commodity prices. Rebar and hot-rolled coil futures have tumbled over 20% from the respective multi-year highs in May. The China Iron & Steel …

Daily DCE Review 24/6/21

Iron ore futures inched up slightly, due to market concerns over slower steel demand with rising steel stockpiles and easing of supply tightness in iron ore stocks. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up slightly by 0.87% day-on-day or up RMB 10 to RMB 1,164.50/mt on Thursday. The steel …