Category archives: Ferrous

DCE ends bullish run due to crackdown measures

Iron ore futures reversed into losses after a record-breaking run, due to a selloff at the afternoon session as anti-speculative trading measures took effect. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 4.78% or RMB 53 to RMB 1,055/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

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DCE defies gravity with bullish run

Iron ore futures continued their gravity-defying act for another record-breaking run, fueled by speculative trading and robust steel demand in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) broke new record with a daily gain of 9.68% to RMB 1,144.50/mt on Monday. The steel rebar contract on the Shanghai Futures …

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