Category archives: Ferrous

Daily DCE Review 5/8/21

Iron ore futures fell to two-month low on the day session, after a selloff from sluggish steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 4.72% day-on-day or down RMB 44 to RMB 888.50/mt, during the day trading session on Thursday. The rebar futures, however moved flatly and inched …

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Iron Ore DCE Jan Daily Technical Review 5/8/21

Verdict – Short-term neutral to bearish. DCE iron ore September rolled to January during this week. The big correction with greater volume during a rolling period indicated major investors were slight bearish in the after market of iron ore. Hourly chart candles entered stable over the afternoon session. A hold up on 873.0 level would …

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Daily Virtual Steel Mill Report 5/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         U.S. July Markit service PMI 59.9, est. 59.8, last 59.8. Composite PMI 59.9, last 59.7. ·         The three departments of China encouraged four kinds of household appliance manufacturers such as TV sets, refrigerators, washing machines and air conditioners to carry out …

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FIS Singapore Iron Ore Derivatives Report 04/08/21

Market Commentary Iron ore futures edged up higher on Wednesday after authorities in Beijing seemingly softened the tone on climate ambitions. China have been looking to rein in its steel sectors, but efforts to curb steel production from last year’s record of 1.05 billion tonnes have so far been unsuccessful, with output from the first …

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