15
Nov
03:56
Vale contracts Laiwu Yongfeng based on DCE futures
Brazilian-owned Vale Metal (Shanghai) and Shandong Laigang Yongfeng Steel Trading (Laigang Yongfeng) have signed a contract for iron ore supply based on the iron ore futures of DCE. So said the Dalian Commodity Exchange (DCE) on 14 November.
The product in this contract is Brazilian Blend Fines (BRBF) and the delivery port is Qingdao Qianwan Port.
According to DCE, the two parties will use the May 2020 DCE iron ore contract …
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Very good overview of the weekly steel market.
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