Monthly archives: July 2021

Iron Ore DCE Sep Daily Technical Review 5/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded significantly during the day session, however price was resisted by 1222.5 level for three times from minute-to-minute chart. Hourly slow stochastic KD potentially flattened. Hourly CCI potentially reverse from the high. Hourly MACD expanded. Short-run technical signals were indicating a temporary breath over a two day …

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Daily Virtual Steel Mill Report 5/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The number of non-agricultural employment in the United States increased by 850,000 in June, which was larger than expected at 720,000. Last number 559,000. The U.S. unemployment rate in June was 5.9%, estimated at 5.6%, previous 5.8%. Iron Ore Key Indicators: ·         Platts62 …

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FIS Singapore Iron Ore Derivatives Report 02/07/2021

Market Commentary Iron ore futures were weaker on Friday amid concerns over China’s demand outlook and rising inflation. The short-term demand of the steelmaking ingredient has hit a snag as China is facing its seasonal lull in demand as construction and manufacturing activities slow in the summer. Recent data also suggest that China’s economic growth …

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