Daily DCE Review 26/05/22

Iron ore futures reversed into losses from previous day rally, despite a late recovery in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then dipped slightly by 0.77% day-on-day or down RMB 6.50 to RMB 834/mt, during the day trading session on Thursday. The rebar futures …

Daily DCE Review 25/05/22

Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …

Daily DCE Review 23/05/22

Iron ore futures started the week on gains, due to market optimism over easing of mortgage rates that supported the Chinese construction sector. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 4.41% day-on-day or up RMB 36.50 to RMB 863.50/mt, during the day trading session on …

Daily DCE Review 20/05/22

Iron ore futures ended the week on high note, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 5.13% day-on-day or up RMB 42.50 to RMB 842.50/mt, during the day trading session on Friday. The rebar …