FIS DAILY FERROUS REPORT

A lacklustre start to the week with very little trading in the opening session as the market digested the release of the weekly port stock data from China.

Real swaps interests entered late morning into the afternoon session as the market ticked up chasing the DCE to the high of 657 before leaking into close.

SGX held its gains more or less (May opened trading 93 with Sep DCE 650, May traded 94 at the close of the afternoon session with DCE 653.