Category archives: Ferrous

Ferrous Trade Weekly Review 6/8/21

A total of 750,000 mt of iron ores was traded for the week ended Aug 6, up 27.12% week-on-week, amid stringent steel output cuts being implemented. Tangshan underwent a new round of sintering cuts much to the expectation of market participants, while iron ore prices ended its anti-gravity defying act and stayed under the $185/mt …

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Daily DCE Review 6/8/21

Iron ore futures opened higher from previous day slump, but only managed a slight recovery at the close, due to lower steel consumption in China. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.27% day-on-day or down RMB 11.50 to RMB 895/mt, during the day trading session on Friday. The …

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Daily Virtual Steel Mill Report 6/8/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro ·         IMF: global economic growth will reach 6% in 2021, which is a high forecast and the highest global growth rate in the past few decades. ·         New Typhoon landed in southern China, which will impact four southern provinces with heavy rain for the coming …

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Daily DCE Review 5/8/21

Iron ore futures fell to two-month low on the day session, after a selloff from sluggish steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 4.72% day-on-day or down RMB 44 to RMB 888.50/mt, during the day trading session on Thursday. The rebar futures, however moved flatly and inched …

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