Daily DCE Review 8/10/21

Iron ore futures rallied as Chinese trade participants returned from holidays, despite market uncertainty on steel output curbs and power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 4.88% day-on-day or up RMB 35.50 to RMB 762.50/mt, during the day trading session on Friday. The rebar …

Ferrous trade weekly review 1/10/21

A total of 590,000 mt of iron ores was traded for the week ended Oct 1, down 2.67% on-week, due to short week as Chinese trade participants celebrated their week-long holidays. Restocking activities slowed down as the holidays approached in early October, while the power crunch and ongoing steel output cuts affected iron ore demand. …