Iron ore futures slumped during the morning session, amid slower steel consumption and higher port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.01% day-on-day or RMB 23 to RMB 1,124/mt during the day trading session on Friday. The rebar futures, however, went up by 2.20% day-on-day or RMB …
Category archives: Ferrous
Oil and Ore Intraday Morning Technical 23/07/21
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Steel & Scrap Morning Report 23/07/21
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Daily Virtual Steel Mill Report 23/7/21
Market Verdict on Iron Ore： · Iron ore short-run bearish. Macro · President of Europe Central Bank Largede expected Q2 economy started to rebound in Europe area, and growth rate become stronger in Q3 supported by strong manufacturing industry. Largede expected EU will recover to pre-pandemic economy level in next Q1. Inflation was lower than …
European Close 22/07/21
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London Iron Ore Market Report 22/07/21
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Daily DCE Review 22/7/21
Iron ore futures slumped during the morning session, due to production cuts and more commodity prices curbs from the Chinese authority. The futures of Dalian Commodity Exchange (DCE) for September delivery then plunged down by 5.32% day-on-day or RMB 64 to RMB 1,138/mt during the day trading session on Thursday. The rebar futures, however, went …
Castaway Podcast – Episode 64 22/07/21
FIS Castaway Podcast – Episode 64 – Ferts Special We hop into the world of Ferts with our Aussie broker Andrew Manna walking us through this growing market, alongside our usual discussion on Freight, Iron ore and Oil. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-64/ Spotify https://open.spotify.com/episode/0SVBJEFxmjagzIv011IZ8x?si=dvE08oTzQKCHA0qaGOIhqA&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-64-ferts-special/id1507094242?i=1000529571701 …
Steel & Scrap Morning Report 22/07/21
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Iron Ore DCE Sep Daily Technical Review 22/7/21
Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …
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