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Category archives: Ferrous
Iron Ore DCE Jan Daily Technical Review 6/9/21
Verdict – Short-term neutral to bearish. DCE iron ore January contract slumped during the Asian day session. Iron ore re-entered into to falling tunnel. Jan-21 iron ore refreshed the lowest since listed. Daily CCI entered a bearish territory. Daily MACD created dead cross. Iron ore will continue to correct fast unless create a new platform …
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Daily Virtual Steel Mill Report 6/9/21
Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. · U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …
London Iron Ore Market Report 03/09/21
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FIS Singapore Iron Ore Derivatives Report 03/09/2021
Market Commentary Iron ore futures rebounded on Friday from its three days fall as investors assessed the construction activities will improve in the coming weeks thus the optimistic market sentiment, despite government strengthened up to curb steel production and pollution. Meanwhile, over 20 Chinese steel mills have issued maintenance plans in September according to Beijing …
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Steel & Scrap Morning Report 03/09/21
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Daily DCE Review 3/9/21
Iron ore futures rebounded from previous slump on Friday day session, despite market sentiments were dampened by stringent output cuts. The futures of Dalian Commodity Exchange (DCE) then rose by 1.42% day-on-day or RMB 11 to RMB 786/mt, during the day trading session on Friday. The rebar futures also went up by 2.37% day-on-day or …
Iron Ore DCE Jan Daily Technical Review 3/9/21
Verdict – Short-term neutral. DCE iron ore January contract created the second day of rebound, however resisted below 789.5, which was an important short-run resistance level. A breakthrough on this level would mean a continuous strong rebound. Hourly slow stochastic KD potentially enter an overbought area. Hourly CCI entered bullish territory and widened. Hourly MACD …
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London Iron Ore Market Report 02/09/21
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FIS: Ship Shape 2/9/21
Carbon and Steel Walk into a Bar It’s an age-old joke that has brought resentment from horses and word play aficionados alike, but to a certain extent it’s useful in expressing what has been going on in a couple of markets. Carbon emissions and steel walk into a bar. The barman looks at …