Category archives: News

DCE starts the year on high note

Iron ore futures opened low, only to finish higher after an afternoon rally that pushed trading to high note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 3.35% on-day or RMB 33 to RMB 1,019.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also hiked …

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Capesize rates steady amid mixed outlook for 2021

Capesize freight rates steadied toward year-end, amid thin market activities due to seasonal holidays. The paper market however was well-bid and inched higher, as some market participants were optimistic on the high iron ore prices and steel demand for the new year. There were some concerns over the bad weather off China’s coastal areas, which …

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DCE dips on bad weather concerns

Iron ore futures continued correction phrase as the cold weather affected steel demand and logistics in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) fell by 2.46% or RMB 25.50 on-day to RMB 1,010.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also slid by 1.53% or …

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