Iron ore futures continued its upward momentum since the start of the week, due to market optimism over steel and restocking demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 4% on-day or RMB 40 to RMB 1,039/mt on Tuesday. The steel rebar contract on the Shanghai Futures …
Continue reading “DCE rises on supply tightness and high restocking demand”