Chinese futures slipped slightly on Monday, despite a strong opening due to supply tightness of port inventories. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) dipped slightly by 0.82% day-on-day to RMB 602 per tonne on Monday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …
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DCE drops on expected lower construction activities
Chinese futures dropped on Tuesday, due to slow down in restocking activities. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) slid by 1.74% day-on-day to RMB 594.50 per tonne on Tuesday. Similarly, the steel rebar contract on the Shanghai Futures Exchange also dropped by 1.14% to RMB …
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DCE slips on lower restocking activities
Chinese futures extended their drops on Wednesday, on limited activities in view of May Labour holiday ahead. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) dipped by 0.58% day-on-day to RMB 595.50 per tonne on Wednesday. Following the decline, the steel rebar contract on the Shanghai Futures …