FIS API Blog
Unexpected Gain in Chinese Exports Is Seen as Temporary China’s exports unexpectedly rose in April aided by stronger shipments to South East Asia, though with the coronavirus pandemic damaging global demand that increase is likely to be temporary. Imports fell. Exports rose 3.5% in dollar terms in April from a year earlier, while imports dropped …
Continue reading “Unexpected Gain in Chinese Exports Is Seen as Temporary”
Chinese futures rose on Wednesday despite some earlier losses at the start of the session. As such, the most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) rose by 1.16% day-on-day to RMB 613 per tonne on Wednesday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also …
Continue reading “DCE rebounds over higher China’s infrastructure spending”
Chinese futures slipped toward the closing session after a rally in morning session on pre-holiday restocking demand. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) dipped slightly by 0.41% day-on-day to RMB 607 per tonne on Friday. Following the decline, the steel rebar contract on the Shanghai …
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 …
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 …
Continue reading “DCE drops on expected lower construction 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 …
