Category archives: Ferrous

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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FIS Castaway Podcast – Episode 66 04/08/21

    FIS Castaway Podcast – Episode 66     Iron ore leads the fall as we discuss Chinese emissions targets, OPEC+ production, and typhoon congestion affecting the ferrous, oil and freight markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-66/   Spotify https://open.spotify.com/episode/4cIFXumuQH7h3yKMHtM3SC?si=813wyHFoTvWFnPujqMGwSA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-66/id1507094242?i=1000530964587         Disclaimer: This podcast is a marketing communication and …

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Iron Ore DCE Sep Daily Technical Review 4/8/21

Verdict – Short-term neutral. DCE iron ore September re-entered into a new consolidation area in the first few trading days of August. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD rebounded. A continuance of rebound need a confirm to break 1077.0, however the resistance around 1100.0 was significant. Short-run consolidation in narrowing range. …

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Daily Virtual Steel Mill Report 4/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China Caixin July PMI 54.9, est. 50.5, last 50.3. ·         China Automobile Association: China July Automobile sales 1.82 million, down 9.7% m-o-m, down 13.8% y-o-y. ·         Since the end of July, China weather has gradually improved, the local market demand has recovered rapidly, …

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