Iron ore futures fell on Monday, over market concerns of tightening steel outputs, despite better steel prices. The futures of Dalian Commodity Exchange (DCE) then slumped down by 6.65% day-on-day or RMB 51.50 to RMB 723/mt, during the morning trading session on Monday. The rebar futures, however went up by 1.71% day-on-day or RMB 92 …
Category archives: Ferrous
Steel & Scrap Morning Report 06/09/21
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
Iron Ore DCE Jan Daily Technical Review 6/9/21
Verdict – Short-term neutral to bearish. DCE iron ore January contract slumped during the Asian day session. Iron ore re-entered into to falling tunnel. Jan-21 iron ore refreshed the lowest since listed. Daily CCI entered a bearish territory. Daily MACD created dead cross. Iron ore will continue to correct fast unless create a new platform …
Continue reading “Iron Ore DCE Jan Daily Technical Review 6/9/21”
Daily Virtual Steel Mill Report 6/9/21
Market Verdict on Iron Ore: · Neutral. Macro · China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. · U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …
London Iron Ore Market Report 03/09/21
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
FIS Singapore Iron Ore Derivatives Report 03/09/2021
Market Commentary Iron ore futures rebounded on Friday from its three days fall as investors assessed the construction activities will improve in the coming weeks thus the optimistic market sentiment, despite government strengthened up to curb steel production and pollution. Meanwhile, over 20 Chinese steel mills have issued maintenance plans in September according to Beijing …
Continue reading “FIS Singapore Iron Ore Derivatives Report 03/09/2021”
Steel & Scrap Morning Report 03/09/21
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 3/9/21
Iron ore futures rebounded from previous slump on Friday day session, despite market sentiments were dampened by stringent output cuts. The futures of Dalian Commodity Exchange (DCE) then rose by 1.42% day-on-day or RMB 11 to RMB 786/mt, during the day trading session on Friday. The rebar futures also went up by 2.37% day-on-day or …
Iron Ore DCE Jan Daily Technical Review 3/9/21
Verdict – Short-term neutral. DCE iron ore January contract created the second day of rebound, however resisted below 789.5, which was an important short-run resistance level. A breakthrough on this level would mean a continuous strong rebound. Hourly slow stochastic KD potentially enter an overbought area. Hourly CCI entered bullish territory and widened. Hourly MACD …
Continue reading “Iron Ore DCE Jan Daily Technical Review 3/9/21”
London Iron Ore Market Report 02/09/21
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