Category archives: Ferrous

Iron Ore DCE Sep Daily Technical Review 14/7/21

Verdict – Short-term neutral. DCE iron ore September tested low first hour this morning and rebounded to opening level very fast. Iron ore was still in the consolidation range between 1152.0 – 1231.0. Hourly slow stochastic KD deepened correction after a dead cross. However MACD stabled and rebounded. Technical signals were neutral at the moment. …

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Daily Virtual Steel Mill Report 14/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China PM Li Keqiang held a economist conference to counter against economic cycle risk. Maintain the continuous effect of macro policy and avoid general liquidity release to the market. The RRR cut focus on special areas and structural demand, to benefit mid-small capital …

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FIS Singapore Iron Ore Derivatives Report 13/07/21

Market Commentary Iron ore futures advanced on Tuesday as fresh imports data indicates resilient demand. China’s inbound shipments of the steelmaking raw material were relatively stable in June, compared with the previous month, pointing to steady demand in the world’s top steel producer. Iron ore imports stood at 89.4 million tonnes, down 0.4% month-on-month, the …

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Daily DCE Review 13/7/21

Iron ore futures closed higher due to better steel prices and the persisted low monthly iron ore imports arrival to China. The futures of Dalian Commodity Exchange (DCE) for September delivery then soared by 3.29% day-on-day or RMB 39 to RMB 1,225/mt during the day trading session on Tuesday. The rebar futures however, dipped slightly …

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SIOF Week 2021: Iron ore to extend commodity bull run

Goldman Sachs expected more steams for iron ore rally, despite its prolonged bullish run for three-consecutive year. At first the bull run was triggered by supply shock from Brazil’s Vale, but the rally had matured to a more demand-oriented market, boosted by various governments’ economic stimulus packages. “Iron ore has become the poster child of …

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