Category archives: Ferrous

Daily Virtual Steel Mill Report 29/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         According to the China National Bureau of Statistics, from January to August, industrial enterprises above designated size achieved a total profit of 5605.14 billion yuan, a year-on-year increase of 49.5%, an increase of 42.9% over January to August 2019, and an average increase of 19.5% over …

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FIS Singapore Iron Ore Derivatives Report 28/09/21

Market Commentary Iron ore futures slumped to near-$110 as China’s power crisis intensifies, dampening the consumption outlook for the raw material. China’s industrial sector is facing a power crunch that limits operations of steel works. According to Mysteel, over 80 steel mills in September suspended production for maintenance as some northern provinces have imposed power …

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Daily DCE Review 28/9/21

Iron ore futures dipped from recent rally, as market concerns over power conservation policy grew larger, which reduced raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.93% day-on-day or down RMB 20.50 to RMB 678/mt, during the day trading session on Tuesday. The rebar future however, hiked …

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