09
Feb
14:47
Positive sentiment drives ferrous futures
Despite unchanged fundamentals, positive sentiment remains prevalent after a four-day increase in ferrous futures prices. Rising inventories have not halted the price trend, in part because inventories remain lower than the records set in 2020, Kallanish notes.
On 9 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 85/tonne higher than Monday at CNY 4,420/t ($685/t), the highest this year. While the same contract for …
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Anonymous
Very good overview of the weekly steel market.
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