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Boring demand, grim state of mind struck China's ferrous futures prices

Gangya Metal296 people have read

As of October 31, the last trading day of the month, the most-traded iron ore agreement on Dalian Product Exchange (DCE) for January shipment had actually sagged for the 5th consecutive day by another large Yuan 26/dmt ($ 3.6/ dmt) or 4.1% from the settlement price on October 28, shutting the daytime session

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author
Sophia

Futures prices of major ferrous commodities in China including steel, iron ore, coke and coking coal have all declined markedly since mid-October, with contracts of the key steelmaking raw materials posting steeper losses. Market players blame rather...

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