Category archives: Ferrous

Singapore Iron Ore Derivatives Report 11/08/21

Iron Ore Market Update   Market Commentary Iron ore futures were largely flat on Wednesday as investors assessed potential economic policies to boost growth against a push to clean up its steel sector. Prices of the steelmaking raw material have plummeted over $50 in less than three weeks as China’s efforts to curb steel production …

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Daily DCE Review 11/8/21

Iron ore futures opened flatly on Wednesday morning session before recording a rally at the afternoon session, despite slow steel demand and improving supply. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.69% day-on-day or up RMB 31 to RMB 871.50/mt, during the day trading session on Wednesday. The rebar …

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Morning Steel and Scrap Report 11/08/2021

FOB China HRC   The index kept flat yesterday (10.8.21) at US$928/t, MTD US$928.67/t.   Hebei province will cut steel production by 21.7mn t in 2021 from its 249.8mn t produced in 2020, while Tangshan will cut by 12.37mn t in 2021 and add restrictions for the 2022 Beijing Winter Olympics over 4-20 February. China’s …

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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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