Daily DCE Review 14/10/21

Iron ore futures continued to decline amid bearish market sentiments on power rationing that limited steel output and raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.90% day-on-day or down RMB 22 to RMB 736/mt, during the day trading session on Thursday. The rebar futures also dipped …

Iron Ore DCE Jan Daily Technical Review 14/10/21

Verdict – Short-term neutral. DCE iron ore January contract maintained neutral in short-run after a round of rebound from late September. However iron ore potentially keep pushing if a new breakthrough on 748.0-753.5 area. Hourly KD created gold cross above oversold area. Hourly CCI rebounded stably. Technical signals were indicating the correction motivation was limited …

Daily Virtual Steel Mill Report 14/10/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China September Total Social Financing reached 2.9 trillion yuan, est. 3.05 trillion yuan, last 2.96 trillion yuan. China September M2 Monetary supply up 8.3% y-o-y, est. 8.2%, last 8.2%. ·         U.S. president Biden announced the biggest ports in U.S., Los Angeles port and Long Island Port …

FIS Castaway Podcast Ep. 75

FIS Castaway Podcast – Ep. 75 Don’t be a Turkey, get up to speed on what’s been happening in the freight, iron ore and oil markets this week on our podcast. Listen Below Website – https://freightinvestorservices.com/blog/fis-castaway-eps-75/ Spotify – https://open.spotify.com/episode/4ovJonUiVIw6Pb7zdqPxAb?si=CxPt7GMdRCaHg4BcrxR99Q&dl_branch=1 iTunes – https://podcasts.apple.com/gb/podcast/episode-75/id1507094242?i=1000538457061

Daily DCE Review 13/10/21

Iron ore futures continued to slide on downward direction, as trade participants expected further steel output cuts for winter season. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 5.92% day-on-day or down RMB 46 to RMB 731/mt, during the day trading session on Wednesday. The rebar futures also went down …