Market Verdict on Iron Ore： · Iron ore neutral. Iron Ore Key Indicators: · Platts 62%: $185.10 (+1.50) MTD $176.22. Iron ore port trades and seaborne trades both increased significantly before China’ Labor day started from this Saturday. However major contributor was the weakened U.S. dollar supported all dollar-linked asset, iron ore was the most …
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European Close 23/04/21
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London Iron Ore Market Report 23/04/21
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Oil and Ore Intraday Morning Technical 23/04/21
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Ferrous trade weekly review 23/4/21
A total of 1.63 million mt of iron ores was traded for the week ended Apr 23, up 33% on-week, as iron ore prices moved to decade-high levels on good steel margins. During the week, there was plan for production curb in another Chinese steelmaking hub at Handan, with the elimination of obsolete output facilities. …
Daily DCE Review 23/4/21
Iron ore futures closed the week on high note, with much rally throughout the week due to market optimism over good steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 1.19% day-on-day or up RMB 13 to RMB 1,104.50/mt on Friday. The steel rebar contract …
European Close 22/04/21
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London Iron Ore Market Report 22/04/21
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Oil and Ore Intraday Morning Technical 22/04/21
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Daily DCE Review 22/4/21
Iron ore futures moved flattish since opening and closed lower in the afternoon session as market cooled down after recent rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then dipped slightly by 0.46% day-on-day or up RMB 5 to RMB 1,091.50/mt on Thursday. The steel rebar contract on …