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 …

Continue reading “DCE ends bullish run due to crackdown measures”

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 …

Continue reading “DCE defies gravity with bullish run”

Daily Ferrous Physical Review Dec 21st

Ferrous Market –    Municipality of Brumadinho, Minas Gerais,have suspended for 7 days, or until the facts of the December 18 accident are clarified.A Vale miner Corrego do Feijao landslide in 18th caused 1 death. However Vale claimed the impact is not included in the production target since this miner is closed after the dam collapse …

Continue reading “Daily Ferrous Physical Review Dec 21st”