Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · A senior official of the IMF said the global output gap of about $15 trillion caused by the Covid-19 crisis, needed “tough reforms” in product, labor and financial markets. · US Deputy Secretary of state Sherman will visit China from July 25 to …
Category archives: Ferrous
London Iron Ore Market Report 21/07/21
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Steel & Scrap Morning Report 21/07/21
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Daily DCE Review 21/7/21
Iron ore futures faced a selloff in the day session, due to market concerns over firmer commodities’ price controls and bad weathers that affected transportation and logistics in Henan, China. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped down by 3.85% day-on-day or RMB 47 to RMB 1,174/mt during the day …
Iron Ore DCE Sep Daily Technical Review 21/7/21
Verdict – Short-term bearish. 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 1152.0, the first resistance …
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Daily Virtual Steel Mill Report 21/7/21
Market Verdict on Iron Ore： · Iron ore short-run neutral to bearish. Macro · The Asian Development Bank predicts that China’s economic growth is expected to remain at 8.1% this year and 5.5% in 2022. However, the overall growth expectations of Asian developing economies have been lowered. · The National Development and Reform Commission held …
Oil and Ore Intraday Morning Technical 21/07/21
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London Iron Ore Market Report 20/07/21
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European Close 20/07/21
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FIS Singapore Iron Ore Derivatives Report 20/07/21
Market Commentary Iron ore futures advanced on Tuesday despite of concerns over faltering Chinese demand as the world’s biggest miners signalled a complex supply outlook. Brazil’s Vale, the world’s second largest iron ore producer, churned out 75.7 million metric tonnes in the second quarter, falling short of analyst’s average estimate of 78 million metric tonnes. …
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