Lower iron ore trade volumes amid Golden week holidays

A total of 1.38 million mt of iron ores was traded for the week ended Oct 2, down almost 27% week-on-week as compared to the 1.89 million mt recorded last week. The decline in trading volumes was due to the shorter trading week as the Chinese participants were absence in the market for the Golden …

FIS Copper Technical Report

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Oil and Ore Intraday Morning Technical

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DCE jumps over shipping disruption in Australia

Iron ore futures jumped over supply concerns as coronavirus outbreak threatened iron ore shipments from Western Australian. As such, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange surged by 5% day-on-day to RMB 809 per tonne on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also posted gain …