Iron ore futures trading at Dalian exchange increases sharply in July

Tuesday, 04 August 2015 15:39:50 (GMT+3)   |   Shanghai
       

The iron ore futures trading volume in China’s Dalian Commodity Exchange (DCE) jumped to a record high in July this year, though prices were characterized by severe volatility. 
 
In July this year, iron ore trading volume amounted to 32.40 million hands (one hand = 100 mt), exceeding the previous record of 24.90 million hands in May this year. The trading volume recorded for July is equivalent to 3.2 billion mt of iron ore and is more than double the global seaborne iron ore trading volume for a whole year.
 
In July, spot iron ore prices indicated sharp declines and rises, falling to $44.10/mt, their lowest level of the past 10 years, in early July and rising to $55/mt three weeks later.
 
In recent times, spot iron ore prices have mostly been following the trend of iron ore futures, the prices of which in July moved from a low point of RMB 317.5/mt ($51.2/mt) to their highest level of RMB 374.5/mt ($60.4/mt). 


Similar articles

Daily iron ore prices CFR China - March 18, 2024

18 Mar | Scrap & Raw Materials

Turkey’s iron ore imports down 18.7 percent in January

18 Mar | Steel News

Major steel and raw material futures prices in China – March 18, 2024 

18 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 15, 2024

15 Mar | Longs and Billet

Brazilian high-grade iron ore price declines sharply in three days

15 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 15, 2024

15 Mar | Scrap & Raw Materials

Iron ore prices below $105/mt CFR amid falling futures, poor demand

14 Mar | Scrap & Raw Materials

Australia’s Centaurus Metals explores potential for DR pellet feed from Jambreiro

14 Mar | Steel News

Major steel and raw material futures prices in China - March 14, 2024

14 Mar | Longs and Billet

Daily iron ore prices CFR China - March 13, 2024

13 Mar | Scrap & Raw Materials