Category archives: Ferrous

Weekly Virtual Steel Margin Report 26/10/2021

Market Verdict： – Iron ore short-run neutral to bullish. Macro Market Change and Money Movement: – The correction on both oil and coal symbolized the speculation of energy risk temporarily cooled. The headlines over weekends were contributed by the pilot version of China real estate tax came out. Major macro analysts from Asian based securities …

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Daily DCE Review 25/10/21

Iron ore futures rose at the opening, despite some dips toward the close but still managed to book positive gains on the day session. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.70% day-on-day or up RMB 11.50 to RMB 688.50/mt, during the day trading session on Monday. The rebar …

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Iron Ore DCE Jan Daily Technical Review 25/10/21

Verdict – Short-term neutral to bullish. DCE iron ore January contract started a small round of rebound from a month low. However the recovery of the rebound needs a confirm to breakthrough 711.5. Hourly MACD narrowed. Hourly slow stochastic KD created a dead cross below overbought area. Technical signals were indicating the rebound was in …

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Daily Virtual Steel Mill Report 25/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China state council researched to support wind based electricity, solar based electricity and to increase utilize advanced smart power grid technology. To control coal, steel, electrolytic aluminum, cement, and petro-chemical projects investments. To support green and low carbon consumption program development. ·         China financial department drafted …

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FIS Singapore Iron Ore Derivatives Report 22/10/2021

Market Commentary Iron ore found some support and rebounded on Friday on recovered China imported iron ore prices and sales after days of softening. At the moment higher grade iron ore productions demand has recovered modestly with comparably healthy steel margins. From market source, some physical traders purchased Brazilian ore to bet on its higher …

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