Daily DCE Review 16/3/21

Iron ore futures rebounded from previous trading day loss, due to higher steel prices and better margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 3.88% day-on-day or up RMB 40 to RMB 1,070/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however managed …

Daily DCE Review 15/3/21

Iron ore futures dipped on stricter emission cuts in steelmaking hub of Tangshan, imposed by Chinese environment ministry. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid by 3.50% day-on-day or up RMB 37.50 to RMB 1,035/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however managed …