Category archives: Ferrous

DCE rebounds on higher steel output

Iron ore futures closed on the high due to increased steel production and stable steel demand in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.32% day-on-day to RMB 789 per mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, dipped …

Continue reading “DCE rebounds on higher steel output”

Oil and Ore Intraday Morning Technical

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

Continue reading “Oil and Ore Intraday Morning Technical”

European Close 19-10-20

The November iron ore futures traded up to a high of USD 117.36 but failed to hold at these levels during the Asian day session, as concerns about increasing supply continue to linger. However, price is up 0.64% from the Singapore close (USD 116.20) but below the USD 1116.76 level that we were seeing on …

Continue reading “European Close 19-10-20”

DCE drops on mixed market outlook

Iron ore futures opened high before plunging at the close, as the market digested the economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then dropped slightly by 0.38% day-on-day to RMB 781 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange also …

Continue reading “DCE drops on mixed market outlook”