Tag archives: IO

A total of 0.95 million mt of iron ores was traded for the week ended Mar 26, down 10.80% on-week, as the Tangshan’s output cuts discouraged market from iron ore procurement. Some market participants expected the output restrictions to extend to other regions and thus affected the buying interests for iron ore. During the week, …

Continue reading “Ferrous trade weekly review 26/3/21”

Iron ore futures ended the week on positive gains, albeit the previous selloff sessions occurred during the start of the week, due to bearish sentiment on stricter output cuts. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the fourth consecutive trading day by 2.01% day-on-day or up RMB …

Continue reading “Daily DCE Review 26/3/21”

Iron ore futures rose higher on higher steel prices and margins, amid market concerns of stricter output curbs being extended to other Chinese provinces. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the third consecutive trading day by 2.74% day-on-day or up RMB 28.50 to RMB 1,067.50/mt on …

Continue reading “Daily DCE Review 25/3/21”