Iron ore futures opened higher in the DCE with the most active iron ore contract for January delivery hiked up by 0.77% on-day to RMB 657 per tonne on Tuesday.
Infographic for post Golden week and Q4 outlook.
DCE closed lower on Tuesday for the second consecutive trading day this week.
Dalian Commodity Exchange (DCE) continued to rise on Tuesday after hitting limit up previously.
The Dalian Commodity Exchange (DCE) has reached the limit up on Monday, with the 2001 and 2005 contracts.
DCE opened low and finished high at the end of afternoon session on Wednesday but still closed below the RMB 600/mt level.
DCE closed under RMB 600 a tonne on Monday, on limited market activities from US-China trade escalation and public holiday in the UK.
DCE recovered for the lows and jumped back above RMB 600 a tonne to close the week.
DCE came under the RMB 600 a tonne level on Wednesday on bearish market sentiments.
DCE fell slightly by 0.96% on-day to RMB 617 a tonne on Monday, after experiencing some support in the morning session before a selloff at the afternoon.