Tag archives: IO

Daily Virtual Steel Mill Report 28/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro ·         China national Bureau of Statistics indicated Jan-Mar above scale industry enterprise realised 182.54 million yuan profit, up 1.37 times y-o-y, up 50.2% compared with same period in the year 2019. ·         Several cities in eastern China started the fifth round of price increase on …

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Daily DCE Review 28/4/21

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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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 …

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