Tag archives: IO

DCE rises despite mixed market indicators

Iron ore futures inched closer to the $1,000/mt mark, due to good industrial output indicator from China, despite lower crude steel production recorded in November. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 1.48% day-on-day or RMB 14.50 to RMB 994/mt on Tuesday. The steel rebar contract on …

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DCE starts the week on slower pace

Iron ore futures closed lower at the start of the week, after a high opening but only to slid at the afternoon trading session later. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then dropped by 3.21% day-on-day or RMB 32 to 966/mt on Monday, dipping after record-high rally last week. The steel rebar …

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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 …

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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 …

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