A total of 590,000 mt of iron ores was traded for the week ended Jul 30, up 15.69% week-on-week, as the Chinese steel demand was constrained by output cuts. The steel production had slowed down with extending output cuts over various Chinese provinces, while rainy weather affected steel demand and logistics. During the week, the …
Category archives: Ferrous
Daily DCE Review 30/7/21
Iron ore futures continued to plunge down after a selloff at the end of day session on Friday, amid lower steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then nosedived by 8.14% day-on-day or down RMB 91 to RMB 1,027/mt during the day trading session on Friday. The rebar futures, however …
Daily Virtual Steel Mill Report 30/7/21
SGX Iron Ore 62% Futures& Options Open Interest (Jul 29th) · Futures 91,720,000 tonnes(Increase 3,532,700 tonnes) · Options 86,299,400 tonnes(Increase 700,000 tonnes) Steel Key Indicators · The Tariff Commission of the State Council announced that the export of ferrochromium and high-purity pig iron will be appropriately increased from August 1st, 2021, and the export tax …
Steel & Scrap Morning Report 30/07/21
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European Close 29/07/21
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London Iron Ore Market Report 29/07/21
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Iron Ore Sep 21 (rolling front month) 29/07/21
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U.S. HRC Report 29/07/21
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FIS Singapore Iron Ore Derivatives Report 29/07/21
Market Commentary Iron ore futures were heavily sold off on Thursday as China raised steel export tariffs as it seeks to achieve the twin goals of capping capping domestic production and taming the surging raw material prices that have fanned concerns about inflation. Starting from 1 August, China will raise the export tax on high-purity …
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Daily DCE Review 29/7/21
Iron ore futures reversed into losses on Thursday, as market participants expected more output cuts ahead that limited raw material demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.59% day-on-day or RMB 18 to RMB 1,114.50/mt during the day trading session on Thursday. The rebar futures, however hiked up …