Iron ore futures closed the afternoon session on high, following the uptick in the morning session amid strong steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.32% on-day or up RMB 51.50 to RMB 1,242.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however inched …
Category archives: Ferrous
FIS Weekly Virtual Steel Margin Report 18/05/21
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European Close 17/05/21
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London Iron Ore Market Report 17/05/21
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FIS Singapore Iron Ore Derivatives Report 17/05/2021
Iron Ore Market Update Market Commentary Iron ore futures rebounded above $200 a tonne on Monday over better steel output. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released by China’s …
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Oil and Ore Intraday Morning Technical 17/05/21
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Daily DCE Review 17/5/21
Iron ore futures started the week on slight gains against the huge rally seen last week as the market stabilized amid high steel prices. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.93% on-day or up RMB 11 to RMB 1,197.50/mt on Monday. The steel rebar contract on the …
Steel & Scrap Morning Report 17/05/21
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Iron Ore DCE Sep Daily Technical Review 17/5/21
Verdict – Short-term neutral. DCE iron ore September contract maintained consolidation in narrow range during the day, with 1214 as upper bound and 1166 as the lower bound. Volume narrowed consecutively during the trading day. Hourly CCI rebounded. Hourly MACD potentially create gold cross. However as the first day after a two day huge correction, …
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Daily Virtual Steel Mill Report 17/5/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China National Bureau of Statistics: Jan-Apr electric power generation 2.53 trillion kwh, up 16.8% y-o-y, up 10.9% compared to the year 2019. · China April above scale industry realised added value growth rate 9.8%, last 14.1%, est. 9.8%. · Jan -Apr, China National …