Category archives: Ferrous
Iron Ore Offshore Aug 20 Morning Technical Comment – 240 Min Chart
DCE gains on better H2 outlook
Iron ore future rose for the second consecutive day on better market outlook on anticipation of improved steel demand after rainy season in China. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange continued the upward trend with gains of 1.14% or RMB 9.50 day-on-day to RMB 841.50 a tonne on Wednesday. …