Category archives: Ferrous

Iron Ore DCE Sep Daily Technical Review 12/7/21

Verdict – Short-term neutral. DCE iron ore September started to give back gains created by last Friday night session. The next session iron ore is facing correction risk. Hourly MACD created gold cross. Hourly CCI created a periodic rebound from July 8th. Hourly slow stochastic KD created gold cross and accelerated on the rebound. Technical …

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Daily Virtual Steel Mill Report 12/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China central bank PBOC decrease RRR by 0.5% on July 15th, an equivalent of 1 trillion yuan. However PBOC strategy commissioner said the RRR cut was neutralizing the maturity of MLF, the entire liquidity system was balanced and stable. ·         A spokesman for …

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FIS Singapore Iron Ore Derivatives Report 09/07/2021

Market Commentary second half of the year, SinoSteel Futures wrote in a note. From the 1H iron ore exports to China Platts data showed, Vale and Rio Tinto respectively shipped 128.11Mt and 148.83Mt in the last six months against their annual production guidance of 315-335Mmt and 325-340Mmt. If environmental-related production restrictions are to be implemented …

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Daily Virtual Steel Mill Report 8/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         From January to June, the cumulative growth rates of domestic sales of large, medium and small excavators were 9.8%, 45.5% and 18.7% respectively. Although they still maintained the growth trend, but were 7.2%, 9.7% and 6.6% slower than previous five months. The growth …

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