Ferrous trade weekly review 11/6/21

A total of 1.03 million mt of iron ores was traded for the week ended Jun 11, amid a volatile market with declining steel margins. However, benchmark iron ore prices soon found some supports from the supply tightness of port inventory and extended output curbs in Tangshan. During the week, the trades volume of PBF …

Daily DCE Review 11/6/21

Iron ore futures closed the week on high note, due to supply tightness and another round output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped to a three-week high and went up by 5.90% on-day or RMB 69.50 to RMB 1,247/mt on Friday. The steel rebar contract on …