Tag archives: IO

Record-high iron ore prices result in lower trade volume

A total of 180,000 mt of iron ores was traded for the week ended Dec 11, down almost 80.54% week-on-week, as compared to 925,000 mt of iron ore traded last week. The week also seen iron ore prices soaring to record-high level toward $160/mt in the matter of days, which led some market experts to …

Continue reading “Record-high iron ore prices result in lower trade volume”

DCE closes high, just shy of the RMB 1,000/mt mark

Iron ore futures closed at high RMB 900s/mt, just shy of the coveted RMB 1,000/mt mark, after a week of speculative trading supported by good steel demand and margins. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then rose further by 4.38% day-on-day or RMB 41.50 to 989.50/mt on Friday. The steel rebar contract …

Continue reading “DCE closes high, just shy of the RMB 1,000/mt mark”

DCE rallies on high capital injections

Iron ore futures continued to chase toward the RMB 1,000/mt mark, on good steel demand and expectation of recovering economies from the pandemic. Thus, the most-traded iron ore for May 2021 delivery on China’s Dalian Commodity Exchange (DCE) rose by 6.76% day-on-day or RMB 61.50 to 971/mt on Thursday. The steel rebar contract on the …

Continue reading “DCE rallies on high capital injections”