Category archives: Ferrous

Daily DCE Review 31/1/22

Iron ore futures rose on bullish market sentiment over post-Lunar New Year demand, despite a slowdown of construction activities, due to the week-long holidays season. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 3.40% day-on-day or up RMB 25.50 to RMB 776/mt, during the morning trading session on Wednesday. The …

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Daily Virtual Steel Mill Report 28/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China National Bureau of Statistics: China will focuson increasing competitive advantage over the global environment, strengthening economy, decreasing tax and maintaining prices. • China National Bureau of Statistics: China above designated size enterprises realized industry profits at 8.7 trillion yuan, up 34.3% from the year 2020. …

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