Brent crude was down 30 cents, or 0.7%, at $41.42 per barrel. U.S. West Texas Intermediate (WTI) crude for October, dropped 34 cents, or 0.9%, to $39.46. As the UK Lockdown measures become stricter for the foreseeable future, America are relieved at the fact that Storm Beta has weakened along the Gulf Coast. On …
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DCE drops further on lower steel prices
Iron ore futures continued to slide on lower steel prices as steel demand started to lose steam amid peak construction season. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange fell by 2.03% day-on-day to RMB 772.50 per tonne on Tuesday. However, the steel rebar contract on the Shanghai Futures Exchange …