Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 27/09/21

Iron ore futures rallied to near $120 following a pickup in restocking activities ahead of the week-long Chinese National Day holiday. “Sentiment was supported by a sudden spike in steel mill profit margins, raising prospects of demand to increase from mills,” Australia & New Zealand Banking Group Ltd. wrote in a note. “Mills are also …

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Daily DCE Review 27/9/21

Iron ore futures extended the rally from last week, benefiting from the restocking activities and stable steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.53% day-on-day or up RMB 24 to RMB 703/mt, during the day trading session on Monday. The rebar future also hiked up by 0.96% …

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Iron Ore DCE Jan Daily Technical Review 27/9/21

Verdict – Short-term neutral to bullish. DCE iron ore January contract maintained rebound during the day. From daily chart, MA5 and MA10 potentially create gold cross in the following two trading days. From hourly chart slow stochastic created a dead cross on the boundary of overbought area. If a breakthrough on major resistance at 715.0, …

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Daily Virtual Steel Mill Report 27/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         Guangdong Province, China appealed to stop electricity usage in low floors. Liaoning province electricity supply triggered serve shortage level because of the sudden decrease on wind power. Inner Mongolia started to stop operation in 6 out of 11 steel mills. Iron Ore Key Indicators: ·         Platts62 …

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Ferrous trade weekly review 24/9/21

A total of 750,000 mt of iron ores was traded for the week ended Sep 24, up 10.3% on-week, amid better restocking activities. Restocking of iron ore stepped up pace as Chinese trade participants returned from public holidays, while they started to replenish stocks to prepare for another week-long holiday period in early October. During …

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