Daily DCE Review 19/5/21

Iron ore futures dipped by the close of the day trading session, as trade participants expected more top-down measures to cool the market.   The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped for the second consecutive day by 3.25% on-day or up RMB 40 to RMB 1,192.50/mt on Wednesday.   The …

Singapore Iron Ore Derivatives Report 18/05/21

Market Commentary Iron ore futures remained well-supported amid robust Chinese demand while a weaker dollar also supported the dollar-denominated iron ore prices. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released …

Daily DCE Review 18/5/21

Iron ore futures closed the afternoon session on high, following the uptick in the morning session amid strong steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.32% on-day or up RMB 51.50 to RMB 1,242.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however inched …

FIS Singapore Iron Ore Derivatives Report 17/05/2021

Iron Ore Market Update Market Commentary Iron ore futures rebounded above $200 a tonne on Monday over better steel output. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released by China’s …