Category archives: Ferrous

Daily DCE Review 24/03/22

Iron ore futures continued to climb, despite logistical disruption in China from worsening Covid spread with travel restrictions implemented over 20 Chinese provinces. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 1.30% day-on-day or up RMB 10.50 to RMB 818/mt, during the day trading session on Thursday. The rebar futures also …

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Daily Virtual Steel Mill Report 23/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • China NDRC and NEA(National Energy Administration) planned to reach 4.6 billion tons equivalent of sta • On March 22, Chinese National Development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. By 2025, the annual comprehensive …

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Daily DCE Review 23/03/22

Iron ore futures inched up on the day session, despite market concerns over stringent covid lockdown measures that hurt steel demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 0.43% day-on-day or up RMB 3.50 to RMB 822.50/mt, during the day trading session on Wednesday. The rebar futures also increased by …

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