Daily DCE Review 16/4/21

Iron ore futures closed the week on positive note, after much rally on the week due to market talks over easing of output restrictions. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then inched up by 0.92% day-on-day or up RMB 9.50 to RMB 1,046/mt on Friday. The steel …

Daily DCE Review 15/4/21

Iron ore futures rebounded from previous losses and rallied further, due to lower steel inventory and market talks of ramping up steel output. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then surged up by 3.56% day-on-day or up RMB 36 to RMB 1,048.50/mt on Thursday. The steel rebar …