Iron ore futures extended gains on Wednesday session, improving from previous trading day position, despite mixed market outlook. The futures of Dalian Commodity Exchange (DCE) for September delivery then increased by 1.90% day-on-day or up RMB 15 to RMB 802.50/mt, during the day trading session on Wednesday. The rebar futures also inched up slightly by …
Category archives: Ferrous
Iron Ore DCE Jan Daily Technical Review 25/8/21
Verdict – Short-term neutral. DCE iron ore January contract correct slightly during the day. Hourly stochastic KD created dead cross in the second hour of this Asian morning. CCI corrected for consecutive 6 hours. Hourly MACD also flattened. However daily MACD potentially create gold cross. The short-run and mid-run technical signals were conflicting at the …
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Daily Virtual Steel Mill Report 25/8/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · From January to July, China issued 3997.9 billion yuan of local government bonds, a year-on-year increase of 6.37%. In July, the country issued 656.8 billion yuan of local government bonds. About 50% of the new special bonds issued by local governments from January …
London Iron Ore Market Report 24/08/21
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
Singapore Iron Ore Derivatives 24/08/21
Iron Ore Market Update Market Commentary Iron ore rebounded to near $150 as market sentiment has improved ahead of the peak seasonality. Rebar production in China rose by 1.1% during the 12-18 August period to 3.25 million metric tonnes, data by Mysteel showed. The increase in rebar production was due to preparation for …
Daily DCE Review 24/8/21
Iron ore futures rose on Tuesday morning session, rebounded from previous losses seen last week, as market sentiment improved. The futures of Dalian Commodity Exchange (DCE) for September delivery then increased by 6.17% day-on-day or up RMB 47.50 to RMB 817.50/mt, during the day trading session on Tuesday. The rebar futures also rose by 2.39% …
FIS Weekly Virtual Steel Margin Report 24/08/2021
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
London Iron Ore Market Report 23/08/21
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
Singapore Iron Ore Derivatives 23/08/21
Iron Ore Market Update Market Commentary Iron ore declined on Monday as investors remained unconvinced by the recent uptick in restocking activities ahead of the peak demand season. Steel demand outlook remains a big concern to many trade participants despite the peak demand season is fast approaching due to the ongoing production curbs. The Commonwealth …
Daily DCE Review 21/8/21
Iron ore futures moved flatly on Monday day session, and dipped at session close, following previous week of trading losses. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.05% day-on-day or down RMB 8 to RMB 757/mt, during the day trading session on Monday. The rebar futures, however rose by …