Iron ore futures jumped on better industrial steel consumption and loosening of bank credits for the embattled Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.18% day-on-day or up RMB 32.50 to RMB 558/mt, during the day trading session on Monday. The rebar futures also inched up …
Category archives: Ferrous
European Close 19/11/21
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London Iron Ore Market Report 19/11/21
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Iron Ore Market Daily Report 19/11/21
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Steel and Scrap Report 19/11/21
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Ferrous trade weekly review 19/11/21
A total of 730,000 mt of iron ores was traded for the week ended Nov 19, as trades slowed down during the off-peak winter season. The near break even or negative margins were blamed for the low intake of iron ores, as some mills chose to reduce output voluntarily or go for maintenance period during …
Iron Ore DCE Jan Daily Technical Review 19/11/21
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …
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Daily Virtual Steel Mill Report 19/11/21
Market Verdict on Iron Ore: · Neutral to bullish. Macro · IMF indicated that supply chain disrupt potentially extend the expectation of inflation in some places of the world. · Major economies government revealed that they are currently researching on release crude oil. Previously U.S. indicated to coordinate to cool down global energy prices. Iron …
Daily DCE Review 19/11/21
Iron ore futures rebounded from losses, as market were pushing for high levels despite negative steel margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.49% day-on-day or up RMB 13 to RMB 536/mt, during the day trading session on Friday. The rebar futures also inched up by 2.15% day-on-day …
European Close 18/11/21
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