Category archives: Ferrous

Oil and Ore Intraday Morning Technical 20/10/21

Please click below to view the report         For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630

Daily DCE Review 20/10/21

Iron ore futures saw slight gains, amid bearish market outlooks on reduced steel output and slow economic activities. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up slightly by 0.50% day-on-day or up RMB 3.50 to RMB 710/mt, during the day trading session on Wednesday. The rebar futures however, dropped by …

Continue reading “Daily DCE Review 20/10/21”

Iron Ore DCE Jan Daily Technical Review 20/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested high at 733.5 again and rejected. Iron ore overall became slight higher than previous trading day. Hourly MACD and slow stochastic both flattened. Hourly CCI entered bullish territory. Technical signals were indicating the price movement were slow and stable currently. The first support is 698.0, …

Continue reading “Iron Ore DCE Jan Daily Technical Review 20/10/21”

Daily Virtual Steel Mill Report 20/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China central bank PBOC held a housing and financial market conference to guide major banks managing the housing related finance and maintain a stable and healthy housing market. Evergrande default risk and spillover was in general controllable. ·         China National Bureau of Statistics: Q3 GDP up …

Continue reading “Daily Virtual Steel Mill Report 20/10/21”