Iron ore futures fell for the second consecutive trading day, as steel demand slowed for the upcoming political party celebration and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped down by 0.72% day-on-day or RMB 8.50 to RMB 1,165/mt at the close of day trading session on Wednesday. …
Category archives: Ferrous
Steel & Scrap Morning Report 30/06/21
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Iron Ore DCE Sep Daily Technical Review 30/6/21
Verdict – Short-term neutral. DCE iron ore September contract consolidated during the current two days. Currently box range from 1135.0- 1171.0. Hourly MACD potentially create gold cross. Hourly KD created gold cross above oversold area. CCI created bullish divergence with price. Technical signals were indicating a potential test high in the next session. The first …
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Daily Virtual Steel Mill Report 30/6/21
Market Verdict on Iron Ore: · Iron ore short-run neutral to bearish. Macro · World Bank increased the China economy growth rate from 8.1% to 8.5%. China was the major economic entity after the pandemic recovery, where industry and consumption activities had recovered to pre-pandemic level. Moody expected China GDP in the year 2021 reached …
London Iron Ore Market Report 29/06/21
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European Close 29/06/21
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FIS Singapore Iron Ore Derivatives Report 29/06/21
Market Commentary Iron ore futures tumbled on Tuesday as investors assessed the near-term steel demand outlook ahead of the centenary celebration of the Chinese Communist Party. Mills in the Handan city in the steelmaking province of Hebei, will halt sintering production from 28 to 30 June and output from some blast furnaces will be restricted, …
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Oil and Ore Intraday Morning Technical 29/06/21
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Daily DCE Review 29/6/21
Iron ore futures suffered a sharp fall in the morning session, before recovering some positions during the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then dived down by 2.66% day-on-day or RMB 31.50 to RMB 1,196/mt at the close of day trading session on Tuesday. The rebar futures also dipped …
Steel & Scrap Morning Report 29/06/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630