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Category archives: Ferrous
Iron Ore DCE Sep Daily Technical Review 16/6/21
Verdict – Short-term bearish. DCE iron ore September contract started correction after confirmed the periodic high at 1248.0 level. Hourly slow stochastic KD created two dead cross in Jun 15th and gradually went lower, indicating a decreasing trend. Hourly CCI leaked from the two month high to a weekly low level. Hourly MACD widened below …
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Daily Virtual Steel Mill Report 16/6/21
Market Verdict on Iron Ore: · Iron ore short-run bearish. Macro · China May electricity consumption maintained a high growth rate by 12.5% y-o-y, up 18.7% m-o-m. Jan-May total electricity consumption accumulated at 3.23 trillion KWH, up 17.7% y-o-y. However China major southern industry city Guangzhou electricity consumption reached 11.2 billion KWH, a historical high …
European Close 15/06/21
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London Iron Ore Market Report 15/06/21
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Oil and Ore Intraday Morning Technical 15/06/21
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Daily DCE Review 15/6/21
Iron ore futures closed the afternoon session with slight gains against previous losses in the morning session, due to market concerns over slack steel consumption season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up slightly by 0.91% on-day or RMB 11 to RMB 1,225/mt on Tuesday. The steel rebar contract …
Steel & Scrap Morning Report 15/06/21
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FIS Weekly Virtual Steel Margin Report 15/6/2021
Market Verdict: – Iron ore neutral. Macro Market Change and Money Movement: – China commodity market experienced an interest shift from agricultural sector to industrial sector from last Thursday to this Tuesday, contributed by the strong performance of coking coal and iron ore. – The G7 conference yet to mention any detail on the solution …
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European Close 14/06/21
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