Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 16/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

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Daily Virtual Steel Mill Report 16/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United Nations issued the year 2021 World Trade Outlook, indicated China economy developed to counter against recession. The China economy boomed earlier than any other country after the pandemic. The China trade volume increased by 10% compared to last H1. Iron Ore Key …

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Daily DCE Review 16/9/21

Iron ore futures continued to extend losses at the day session, over market concerns over new wave of pandemic spread in southern China that affected steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.94% day-on-day or down RMB 27.50 to RMB 670.50/mt, during the day trading session on …

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FIS Singapore Iron Ore Derivatives Report 15/09/21

Market Commentary Iron ore extended losses to sub-$120 as China’s steel production slumped to the lowest in 17 months. According to the National Bureau of Statistics, China’s crude steel output slumped by 12% year-on-year to 83.24 million metric tonnes in August, the lowest since March 2020.The slump could be attributed to China’s efforts to cut …

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