Category archives: Ferrous

Daily DCE Review 22/3/21

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 …

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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 …

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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 …

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