Iron ore futures rebounded for previous losses, supported by supply tightness and market talks of relaxation of output curb in Tangshan by July. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped up by 3.99% day-on-day or up RMB 45 to RMB 1,173/mt on Wednesday. The steel rebar contract on the Shanghai …
Category archives: Ferrous
Iron Ore DCE Sep Daily Technical Review 23/6/21
Verdict – Short-term neutral. DCE iron ore September contract rebounded and corrected after reaching the previous neckline area around 1176.0- 1181.5. A breakthrough on this level would potentially lead a next movement to test last high at 1253.5. A rejection on this level potentially drive iron ore back to consolidation. From hourly chart MACD expanded. …
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Daily Virtual Steel Mill Report 23/6/21
Market Verdict on Iron Ore: · Iron ore short-run neutral. Macro · U.S. Federal Powell said the U.S. inflation exceeded the previous expectation, however Federal doesn’t have a plan to increase interest rate immediately. · China State Material Reserve Regulation Center issued an announcement on the release of the first batch of national reserves of …
Steel & Scrap Morning Report 23/06/21
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European Close 22/06/21
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London Iron Ore Market Report 22/06/21
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Daily DCE Review 22/6/21
Iron ore futures declined for the second consecutive trading day, due to weakening steel prices and margin amid seasonal lull steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.69% day-on-day or down RMB 31.50 to RMB 1,139/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …
Steel & Scrap Morning Report 22/06/21
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FIS Weekly Virtual Steel Margin Report 22/6/2021
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European Close 21/06/21
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