Category archives: Ferrous

Iron Ore DCE Sep Daily Technical Review 28/7/21

Verdict – Short-term neutral. DCE iron ore September finally ended with a rebound almost cover the loss from last trading day. However the rebound with small volume was not strong enough to create a firm trend. Hourly MACD expanded above 0 axis. The lower support at 1100- 1103.5 provide strong rebound several times from early …

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Daily Virtual Steel Mill Report 28/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         National Bureau of Statistics: H1 2021 above designated industry companies total profit 4.22 trillion yuan, up 66.9% y-o-y, up 45.5% compared to the year 2019. ·         IMF global economic development review indicated the year 2021 global economy growth at 6%, in the year …

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FIS Singapore Iron Ore Derivatives Report 27/07/21

Market Commentary Iron ore futures were subdued on Tuesday despite mounting supply concerns as investors remain concerned over steel demand outlook. The BHP Group has indicated that Port Hedland, its main export gateway, will undergo a massive maintenance. Meanwhile, its Brazilian counterpart, Vale, said that its new mining projects are like to be delayed while …

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Daily DCE Review 27/7/21

Iron ore futures opened high on morning session, only to suffer a sharp drop at the close, following a selloff session on Tuesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 2.80% day-on-day or RMB 32 to RMB 1,109.50/mt during the day trading session on Tuesday. The rebar futures also …

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