FIS Singapore Iron Ore Derivatives Report 18/06/21

Iron Ore Market Update Market Commentary Iron ore futures crumbled on Friday as China stepped up efforts to rein in emissions. Prices of ferrous metals all fell sharply after it was reported that the Chinese government has ordered nine groups – consisting of officials from different cabinet ministries plus an industry body to visit all …

Ferrous trade weekly review 18/6/21

A total of 1.106 million mt of iron ores was traded for the week ended Jun 18, amid extended output curb in Tangshan and improving steel margins. According to Platts, the Chinese domestic hot-rolled coil and rebar sales profit margins averaged to decent range of $155/mt and $149/mt over June 1-15, respectively, though lower than …