Iron ore futures closed the week on positive note, after much rally on the week due to market talks over easing of output restrictions. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then inched up by 0.92% day-on-day or up RMB 9.50 to RMB 1,046/mt on Friday. The steel …
Tag archives: IO62
Daily DCE Review 15/4/21
Iron ore futures rebounded from previous losses and rallied further, due to lower steel inventory and market talks of ramping up steel output. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then surged up by 3.56% day-on-day or up RMB 36 to RMB 1,048.50/mt on Thursday. The steel rebar …
Daily DCE Review 14/4/21
Iron ore futures dipped after recent rally, due to market concerns over high materials costs that reduced steel margins. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then fell slightly by 0.39% day-on-day or up RMB 4 to RMB 1,011.50/mt on Wednesday. The steel rebar contract on the Shanghai …
Daily DCE Review 13/4/21
Iron ore futures continued to rally on lower import volumes from Australian and Brazilian miners, amid high steel demand in China. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 3.28% day-on-day or up RMB 32.50 to RMB 1,022/mt on Tuesday. The steel rebar contract on the …
Daily DCE Review 12/4/21
Iron ore futures opened low, before a late rally toward the afternoon trading session that pushed up rates higher. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 2.58% day-on-day or up RMB 25.50 to RMB 1,014/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however dropped …
Ferrous trade weekly review 9/4/21
A total of 0.66 million mt of iron ores was traded for the week ended Apr 9, after trade participants returned from the long weekend holidays. Steel prices rose to multi-years high during the week amid high margins and output restrictions that extended beyond China’s steelmaking hub of Tangshan. During the week, the trades volume …
Daily DCE Review 9/4/21
Iron ore futures closed the week on slight losses, after much market rally in the week as trade participants returned from holidays. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell slightly by 0.41% day-on-day or down RMB 4 to RMB 979/mt on Friday. The steel rebar contract on the Shanghai …
Daily DCE Review 8/4/21
Iron ore futures dropped slightly at the afternoon close, despite a rally at the start of the afternoon trading session. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then dipped down by 0.56% day-on-day or down RMB 5.50 to RMB 982.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, …
Daily DCE Review 7/4/21
Iron ore futures rebounded after a selloff in the morning session, rallying in the afternoon session toward the close. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 1.69% day-on-day or up RMB 16.50 to RMB 993.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, however …
Daily DCE Review 6/4/21
Iron ore futures retreated despite the return of trade participants from holidays season and record-high steel prices. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dropped by 0.61% day-on-day or down RMB 6 to RMB 971/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however surged up …