Category archives: Ferrous

Daily Virtual Steel Mill Report 21/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         The Asian Development Bank predicts that China’s economic growth is expected to remain at 8.1% this year and 5.5% in 2022. However, the overall growth expectations of Asian developing economies have been lowered. ·         The National Development and Reform Commission held …

Continue reading “Daily Virtual Steel Mill Report 21/7/21”

FIS Singapore Iron Ore Derivatives Report 20/07/21

Market Commentary Iron ore futures advanced on Tuesday despite of concerns over faltering Chinese demand as the world’s biggest miners signalled a complex supply outlook. Brazil’s Vale, the world’s second largest iron ore producer, churned out 75.7 million metric tonnes in the second quarter, falling short of analyst’s average estimate of 78 million metric tonnes. …

Continue reading “FIS Singapore Iron Ore Derivatives Report 20/07/21”

Daily DCE Review 20/7/21

Iron ore futures closed higher on Tuesday, recovering from the slump yesterday, due to the extended supply tightness situation. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up slightly by 0.28% day-on-day or RMB 3.50 to RMB 1,233/mt during the day trading session on Tuesday. The rebar futures, however inched down …

Continue reading “Daily DCE Review 20/7/21”