Category archives: News

Last sprint for iron ore purchase before winter season

A total of 1.82 million mt of iron ores was traded for the week ended Nov 13, up almost 60% week-on-week as compared to the 1.15 million mt recorded last week. The higher intake of iron ore was due to better steel prices and margins that encouraged mills to produce more steel for the catch-up …

Continue reading “Last sprint for iron ore purchase before winter season”

Morning Oil Report 13/11/20

Brent crude was down 51 cents, or 1.17%, at $43.01 a barrel as of 0751 GMT, after dropping 0.6% on Thursday.   EIA data released on Thursday showed a larger than expected build of crude stocks of +4,3 million barrels in the week ending 6th November. This lead oil prices to fall slightly into Friday, …

Continue reading “Morning Oil Report 13/11/20”

DCE slips on declining steel prices

Iron ore futures opened low but managed to catchup at the afternoon session before closing at slight dip for the day. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were almost flattish and booked a small loss of 0.83% or RMB 7 day-on-day to RMB 832.50/mt on Friday. The …

Continue reading “DCE slips on declining steel prices”