Iron ore futures closed lower at the afternoon session, after a sell off session that begun at the start of the trading day. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell by 5.90% day-on-day or down RMB 63 to RMB 1,004.50/mt on Monday. The steel rebar contract on the …
Category archives: Ferrous
European Close 19/03/21
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London Iron Ore Market Report 19/03/21
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Steel & Scrap Morning Report 19/03/21
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Ferrous trade weekly review 19/3/21
A total of 1.065 million mt of iron ores was traded for the week ended Mar 19, up 19.93% on-week from previous week trade volumes, amid the output curb in Tangshan. Thus, the market participants were spooked by output curb, which affected the buying interests for raw materials. During the week, the PBF accounted the …
Daily DCE Review 19/3/21
Iron ore futures slid over output restriction concerns in Tangshan, which dampened market appetite for raw materials. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dipped by 3.47% day-on-day or down RMB 37.50 to RMB 1,042/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also dropped slightly …
European Close 18/03/21
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London Iron Ore Market Report 18/03/21
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Steel & Scrap Morning Report 18/03/21
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Daily DCE Review 18/3/21
Iron ore futures went up higher on tighter steel inventory, amid better downstream demand as trade participants prepared for the construction season. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then went up by 2.45% day-on-day or up RMB 26 to RMB 1,089/mt on Thursday. The steel rebar contract on the …