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 …
Tag archives: IO62
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 …
Daily DCE Review 5/4/21
Iron ore futures were closed on China’s Ching Ming holidays, despite upticks in steel prices due to stringent inspection checks. During the market inactivity, Tangshan billet prices got much market attention, as it rose for a total of RMB 220 since the start of month to RMB 5,020/mt as of Apr 5. The price upticks …