DCE warns of price volatility risk in iron ore market

Friday, 07 August 2020 14:21:05 (GMT+3)   |   Shanghai
       

On August 6, Dalian Commodity Exchange (DCE) issued a letter warning of the risk of price volatility in the iron ore market, stating that the iron ore market has been facing a lot of uncertainties and big fluctuations in prices, and accordingly DCE has urged its member companies to strengthen risk prevention and remind customers to participate in rational and legitimate transactions.

Iron ore futures closed at RMB 896/mt on Friday, August 7, up by RMB 23/mt since Monday and increasing by a very sharp margin of RMB 46.5/mt since late last week.

As previously reported by SteelOrbis, iron ore fines with 62 percent Fe content in the spot market edged up by $2.6/mt on August 6 to $120.8/mt CFR, while week on week prices gained $10.4/mt, marking the strongest increase in a single week so far this year. Brazilian iron ore with 65 percent Fe content also moved up on the same day to $128/mt CFR, increasing by $0.7/mt.


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

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

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials