Category archives: News

Iron Ore: A strong start to the end

A total of 925,000 mt of iron ores was traded for the week ended Dec 4, down 32.5% week-on-week, as compared to 1.37 million mt of iron ore traded last week.   Apparently, most of the end-users had risen their restocking activities over the past week and the lower transaction volume implied their concerns over …

Continue reading “Iron Ore: A strong start to the end”

Morning Oil Report 4/12/20

Crude rallied 50 cent this morning after large buying action in the early morning pushing Brent up to the $49.73 level at 0800GMT.   OPEC+ production finally seems to have been settled in a compromised deal on cuts that will see a gradual and deliberate increase in oil production quotas going into 2021. Brent settled …

Continue reading “Morning Oil Report 4/12/20”

DCE rises toward the RMB 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, which might challenge the RMB 1,000/mt mark at this bullish market momentum. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange surged by 4.24% or RMB 39.50 day-on-day to RMB 972/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …

Continue reading “DCE rises toward the RMB 1,000/mt mark”