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Category archives: Ferrous
FIS Singapore Iron Ore Derivatives Report 03/06/21
Iron Ore Market Update Market Commentary Iron ore futures surged above $201 on Thursday on robust rebar inventory data while speculation around a possible relaxation of production curbs in Tangshan also aided prices. Rebar inventories were down for a 12th consecutive week. Total rebar inventories stood at10.42 million tonnes, down 3.32% from a week ago. …
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Iron Ore DCE Sep Daily Technical Review 3/6/21
Verdict – Short-term neutral. DCE iron ore September contract created new high since May 20th and then give back half of the gains during the last two hours. Hourly MACD potential to create a dead cross. Hourly slow stochastic KD continuously create dead cross and moved away from overbought area. Houlry CCI also correct to …
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Oil and Ore Intraday Morning Technical 03/06/21
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Daily DCE Review 3/6/21
Iron ore futures extended the bullish run throughout the week, despite softening of steel prices and Chinese authority’s call to stabilize commodity prices. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.88% on-day or up RMB 22 to RMB 1,194/mt on Thursday. The steel rebar contract on the Shanghai Futures …
Steel & Scrap Morning Report 03/06/21
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Daily Virtual Steel Mill Report 3/6/21
Market Verdict on Iron Ore： · Iron ore short-run neutral to bullish. Macro · The State Council held a national conference to deepen the reform of “decentralization, management and improving service” and to stimulate the vitality of market players. Li Keqiang, the China PM, proposed to further empower market players, reduce improper intervention, and oppose …
European Close 02/06/21
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London Iron Ore Market Report 02/06/21
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FIS Singapore Iron Ore Derivatives Report 02/06/21
Iron Ore Market Update Market Commentary Iron ore futures were largely unchanged on Wednesday as traders looked to policymakers in China for direction. Iron ore eased off to $196 in Asia as China reiterated its commitment to crack down on surging commodities prices. China’s Market Supervision Agency said that it will closely monitor the volatility …
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