Daily Virtual Steel Mill Report 18/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         Reuters: Biden government seek the top oil producing countries to release some crude oil reserves to help decrease oil price and stimulate economy booming. Iron Ore Key Indicators: ·          Platts62 $89.95, -0.45, MTD $93.45. Iron ore seaborne market gradually return stable during the week, as several …

Daily DCE Review 18/11/21

Iron ore futures closed in negative regions, despite a late morning rally to push prices higher, amid thin steel margins environment. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 5.10% day-on-day or down RMB 27.50 to RMB 511.50/mt, during the day trading session on Thursday. The rebar futures also inched …

Castaway Podcast Ep. 80 17/11/21

FIS Castaway Podcast – Ep. 80 Got that end of year feeling? Well the freight, oil and ferrous markets certainly do. Hear about what’s been going on in commodities this week on our podcast.     Click Below to Listen:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-80/   Spotify – https://open.spotify.com/episode/6f62I2nT7qahGY16OVvzZV?si=n8VjOhJCT1Sspfwwaep6bQ   iTunes – https://podcasts.apple.com/gb/podcast/episode-80/id1507094242?i=1000542205395

Daily DCE Review 17/11/21

Iron ore futures rallied from previous trading day slump, but slipped at the close, amid bearish market sentiment on steel demand.   The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.01% day-on-day or down RMB 5.50 to RMB 538.50/mt, during the day trading session on Wednesday.   The rebar futures …

Iron Ore DCE Jan Daily Technical Review 17/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 consolidated in narrow range for the previous 11 trading days. Hourly MACD potentially create a gold cross below 0 axis. Hourly slow stochastic KD rebounded. The market has significant support arround 530.0 area. Short-run a push with volume potenially trigger a big round of oversold rebound. 5 …