Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 15/09/21

Market Commentary Iron ore extended losses to sub-$120 as China’s steel production slumped to the lowest in 17 months. According to the National Bureau of Statistics, China’s crude steel output slumped by 12% year-on-year to 83.24 million metric tonnes in August, the lowest since March 2020.The slump could be attributed to China’s efforts to cut …

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Iron Ore DCE Jan Daily Technical Review 15/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed a listed low during the day. The mid-run bearish has yet changed. Rebound previously created entrance opportunities for new short investors. Both highs and lows were decreasing fast. Reversal was difficult unless a quick push back with significantly increased volume. The first support …

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Daily Virtual Steel Mill Report 15/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United States recorded an annual rate of 5.3% without quarterly adjustment of CPI in August, in line with expectations. In August, the monthly rate of core CPI recorded 0.1%, the lowest since February this year. Analysts believed that this indicated inflation has peaked, …

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FIS Singapore Iron Ore Derivatives Report 14/09/21

Market Commentary Iron ore declined for a fifth day to $120 as production curbs in China continue to weigh on demand. Power rationing is limiting mill operations and China has brought forward its target for steels cuts. According to Bloomberg Intelligence, production between August and December is estimated to fall by 10% from a year …

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Daily DCE Review 14/9/21

Iron ore futures dipped in the choppy session, following the recent downward momentum on bearish market outlook. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.46% day-on-day or down RMB 10.50 to RMB 711/mt, during the day trading session on Tuesday. The rebar future plunged sharply at the afternoon session …

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