Category archives: News

Another bullish week for iron ore

A total of 830,000 mt of iron ores was traded for the week ended Dec 18, almost thrice of the trade volume recorded last week at 180,000 mt. Iron ore prices continued the rally seen last week with price touching near the $160/mt mark, which resulted some buyers to procure from cheaper portside stocks instead. …

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Morning Oil Report 18/12/20

U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4%, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5%, to $51.24 a barrel. The price of oil trades to a fresh monthly high ($48.80) as fresh data prints coming out of the US instill an improved …

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DCE ends the week high above the 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, due to good steel demand, supply concerns and speculative trading. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) maintained above the $1,000/mt mark, after booking a gain of 6.23% day-on-day or RMB 63 to RMB 1,073.50/mt on Friday. Similarly, the steel rebar …

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