Category archives: Ferrous

DCE rises despite mixed market indicators

Iron ore futures inched closer to the $1,000/mt mark, due to good industrial output indicator from China, despite lower crude steel production recorded in November. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 1.48% day-on-day or RMB 14.50 to RMB 994/mt on Tuesday. The steel rebar contract on …

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DCE starts the week on slower pace

Iron ore futures closed lower at the start of the week, after a high opening but only to slid at the afternoon trading session later. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then dropped by 3.21% day-on-day or RMB 32 to 966/mt on Monday, dipping after record-high rally last week. The steel rebar …

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