DCE inches up on better buying interest

Iron ore futures went up higher following a late rally in the afternoon session due to better buying interests. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.40% day-on-day to RMB 797 per mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also inched up …

Ferts in Focus 21/10/2020

*RCF requests extension on tender offers* The issuance of LOIs was expected to start this week, and round out India’s latest urea purchasing tender. Almost 2.2mn tonnes are believed to have been accepted against RCF’s counterbids; however the importer requested a two day extension on the validity of offers Monday (when they were due to …