Category archives: Ferrous

FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

Continue reading “FIS Castaway Podcast – Episode 58 09/06/21”

Daily DCE Review 9/6/21

Iron ore futures rebounded from previous trading day losses, amid a volatile market with narrowing steel margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.98% on-day or up RMB 45 to RMB 1,175/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also jumped up by 1.31% …

Continue reading “Daily DCE Review 9/6/21”

Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …

Continue reading “Iron Ore DCE Sep Daily Technical Review 9/6/21”

Daily Virtual Steel Mill Report 9/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China May CPI 1.3%, est. 1.6%, last 0.9%. China May PPI up 9%, est. 8.3%, last 6.8%. ·         World Bank published Global Economic Outlook, adjusted the year 2021 economy growth rate from 4% to 5.6%. China economy growth rate in 2021 from 7.9% …

Continue reading “Daily Virtual Steel Mill Report 9/6/21”