Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 11/8/21

Verdict – Short-term neutral, oversold currently. DCE iron ore January rebound after an oversold, the high volume indicated big changing hands and potentially reach a periodic low. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened. Hourly CCI entered bullish area. Hourly candles were confirming a bottom area, a further breakthrough on 874.5 …

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Daily Virtual Steel Mill Report 11/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The U.S. Senate voted 69 to 30 to approve the $1 trillion cross-party base establishment bill, which includes $550 billion in new infrastructure funding project. ·         China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support …

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Singapore Iron Ore Derivatives Report 10/08/21

Iron Ore Market Update Market Commentary Iron ore futures remained subdued on Tuesday as the steel outlook continues to be clouded by concerns over further production curbs. China’s efforts to clean up its dirtiest steel industry are finally taking effect, with consumption taking a hit. Apparent consumption across five typical steel products fell to 9.86 …

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Morning Steel and Scrap Report 10/8/21

FOB China HRC   There is no index yesterday given Singapore holiday.   China exported 5.669mn t of steel products in July 2021, up by 35.8pc on year. Its January-July export volume increased by 30.9pc on year to 43.051mn t, while the import volume for steel products fell by 59.7pc in July to 1.049mn t. …

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Singapore Iron Ore Derivatives Report 09/08/2021

Iron Ore Market Update Market Commentary Iron ore futures sank to $160 on Monday as demand for the steelmaking material is wavering as China looks to clean up its steel sector while the emergence of the delta variant also sparks concerns for the slowing of the Chinese economic recovery. According to China Iron and Steel …

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Morning Steel and Scrap Report 9/8/21

FOB China HRC   The index fell by $1/t last Friday (6.8.21) to US$928/t, MTD US$928.80/t.   Some cities in east China’s Jiangsu province tightened policies to control the spread of Covid, slowing transportation between Shanghai and Jiangsu with drivers required to have frequent Covid tests. Participants remain cautious in seaborne market given China’s uncertain …

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Iron Ore DCE Jan Daily Technical Review 9/8/21

Verdict – Short-term neutral. DCE iron ore January contract corrected over Friday night session and the day session of Monday. However the trading volume decreased and rebounded during most of the day session on Monday. A further breakdown on daily low at 845.0 with small trading volume would indicated a new round of slump. Hourly …

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