Category archives: Ferrous

Daily Virtual Steel Mill Report 4/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China Caixin July PMI 54.9, est. 50.5, last 50.3. ·         China Automobile Association: China July Automobile sales 1.82 million, down 9.7% m-o-m, down 13.8% y-o-y. ·         Since the end of July, China weather has gradually improved, the local market demand has recovered rapidly, …

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Daily DCE Review 4/8/21

Iron ore futures inched up slightly for the second consecutive day of gains, amid mixed market outlooks over steel output cuts. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 0.52% day-on-day or up RMB 5.50 to RMB 1,067/mt, during the day trading session on Wednesday. The rebar futures also …

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FIS Singapore Iron Ore Derivatives Report 03/08/21

Market Commentary Iron ore futures edged near $180 as investors reassessed the steel outlook after China signalled a shift in emphasis on steel curbs, raising hopes that there will be some form of easing of the aggressive measures that have been put in place. Attempts to curb steel production from last year’s record of 1.05 …

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Daily DCE Review 3/8/21

Iron ore futures rebounded from previous slump and gained higher upon market expectation of less stricter output curbs and lower iron ore shipments from suppliers. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.97% day-on-day or up RMB 20.50 to RMB 1,062.50/mt, during the day trading session on Tuesday. …

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