Category archives: Ferrous

Daily DCE Review 15/7/21

Iron ore futures hiked up on Thursday trading session, finding supports from high steel prices, though market concerns over the upcoming production cuts. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.61% day-on-day or RMB 19.50 to RMB 1,234/mt during the day trading session on Thursday. The rebar futures …

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Iron Ore DCE Sep Daily Technical Review 15/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth day of the week, however the high of the day was still below major resistance level around 1152.0. Hourly MACD flattened. Hourly CCI corrected from the bullish area. Hourly slow stochastic KD rebounded slowly. Technical signals were indicating an exhaustion of the rebound. …

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Daily Virtual Steel Mill Report 14/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China State Council conference mentioned to inspect the illegal speculation on commodities and tax evasion, which disturbed the market environment and the tax revenue. ·         U.S. June PPI reached 7.3%, core PPI reached 5.6%, both created record high. U.S. Federal Powell indicated Federal …

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FIS Singapore Iron Ore Derivatives Report 14/07/21

Market Commentary Iron ore futures steadied ahead of China’s quarterly gross domestic product report and steel output data on due to release this Thursday. Investors are searching for clues on China’s economic outlook as well as demand strength, particularly at a time when authorities are once again sending out mixed messages. Chinese Premier Li Keqiang …

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FIS Castaway Podcast – Episode 63 14/07/21

FIS Castaway Podcast – Episode 63 As the UK looks to relax covid regulations next week, the team discuss what’s happening in the freight, iron ore and oil markets. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-63/ Spotify https://open.spotify.com/episode/1Lh9dgsQF1pGZJ0zrCINe1?si=pVE_qS-3R7Cy1UAvXjb2DA&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-63/id1507094242?i=1000528851383 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …

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Daily DCE Review 14/7/21

Iron ore futures moved flattish on Wednesday, after a slump at previous night market and closed for a slight gain at the afternoon trading session. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.79% day-on-day or RMB 9.50 to RMB 1,219.50/mt during the day trading session on Wednesday. The …

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