Chinese iron ore futures fell for the second consecutive trading day on Tuesday over slow steel demand and cold weather in China.
Chinese mills have opted for more imports of high grade iron ores for the week ended on 13 Dec 2019.
DCE fell on Tuesday, reversing the gains earlier on the week, following the fall of steel futures.
DCE booked a gain on Monday on higher steel prices, as well as shutdown of coking plants that lifted iron ore prices.
This week saw the Chinese end-users snapping up Pilbara Blend fines eagerly, consisting a nearly 55% of the total trades done.
Dalian Commodities Exchange (DCE) rose for the third consecutive trading day on higher steel prices on Wednesday.
Dalian Commodities Exchange (DCE) rose on second consecutive day to reverse a dip from early trading session on Tuesday.
Dalian Commodities Exchange (DCE) rose slightly on Monday, continuing to hike from last week rally.
Dalian Commodities Exchange (DCE) ended the week on negative over lacklustre steel demand.
Baltic Dry Index (BDI) slid by 1.11% on-day to 1,782 points on Wednesday from a relative flat freight market.