Iron ore futures moved lower at the close due to market concerns over price controls following the recent rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then dropped by 1.04% day-on-day or down RMB 12 to RMB 1,138.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …
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European Close 27/04/21
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London Iron Ore Market Report 27/04/21
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Oil and Ore Intraday Morning Technical 27/04/21
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Daily DCE Review 27/4/21
Iron ore futures continued to hike up on good Chinese pre-holidays restocking demand and robust steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 1.89% day-on-day or up RMB 21.50 to RMB 1,158.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, also …
FIS Weekly Virtual Steel Margin Report 27/04/21
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European Close 26/04/21
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London Iron Ore Market Report 26/04/21
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Oil and Ore Intraday Morning Technical 26/04/21
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Daily DCE Review 26/4/21
Iron ore futures rallied to record high level due to robust steel demand and market concerns over extensions of output curbs to other Chinese provinces. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then jumped by 4.33% day-on-day or up RMB 47.50 to RMB 1,144.50/mt on Monday. The steel …