Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 06/09/21

Market Commentary Iron ore plunged to the lowest in seven months on rising supplies while the new round of production curbs have also dampened the outlook for the steelmaking ingredient. Exports from Brazil were at a record for the month of August while shipments from Australia have also increased. Meanwhile, iron ore inventories at ports …

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Daily DCE Review 6/9/21

Iron ore futures fell on Monday, over market concerns of tightening steel outputs, despite better steel prices. The futures of Dalian Commodity Exchange (DCE) then slumped down by 6.65% day-on-day or RMB 51.50 to RMB 723/mt, during the morning trading session on Monday. The rebar futures, however went up by 1.71% day-on-day or RMB 92 …

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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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