FIS Singapore Iron Ore Derivatives Report 14/05/2021

Iron Ore Market Update Market Commentary Iron ore futures sank over 10% to below $190 on Friday as China steps up its efforts to tame surging commodities prices. Iron ore has had a rollercoaster ride this week, surging to historical high of above $233 on Wednesday but concerns over regulatory intervention saw the steelmaking ingredient …

Ferrous Trade Weekly Review 14/5/21

A total of 1.06 million mt of iron ores was traded for the week ended May 14 and witnessed the iron ore prices to go above the record-high $230/mt level on good Chinese steel demand. Apparently, restocking activities did not slow down after the post-holidays market and the high steel demand and lower inventory continued …