Tag archives: IO62

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 …

Continue reading “DCE rises despite mixed market indicators”

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 …

Continue reading “DCE starts the week on slower pace”

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 …

Continue reading “Record-high iron ore prices result in lower trade volume”

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 …

Continue reading “DCE closes high, just shy of the RMB 1,000/mt mark”

Iron ore futures continued to chase toward the RMB 1,000/mt mark, on good steel demand and expectation of recovering economies from the pandemic. Thus, the most-traded iron ore for May 2021 delivery on China’s Dalian Commodity Exchange (DCE) rose by 6.76% day-on-day or RMB 61.50 to 971/mt on Thursday. The steel rebar contract on the …

Continue reading “DCE rallies on high capital injections”

Iron ore futures remained steady, after a slow start at the opening session, but only to see more upticks at the afternoon session toward the close. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange closed flat at RMB 918.50/mt on Wednesday, after a choppy trading session. The steel rebar …

Continue reading “DCE pauses for a break after recent rally”

Iron ore futures took a breather after the recent bullish run, which led the trading session to open high only to drop later at the close. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a slight gain of 0.77% or RMB 7 day-on-day to RMB 912/mt on Tuesday. …

Continue reading “DCE’s bullish run calls for a break”

Iron ore futures started the week on bullish note and seemed to break the RMB 1,000/mt mark by the end of week on this market momentum. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose further by 1.57% or RMB 15 day-on-day to RMB 967.50/mt on Monday. Then, the …

Continue reading “DCE still gunning for the RMB 1,000/mt mark”