Category archives: Ferrous

Daily DCE Review 17/5/21

Iron ore futures started the week on slight gains against the huge rally seen last week as the market stabilized amid high steel prices. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.93% on-day or up RMB 11 to RMB 1,197.50/mt on Monday. The steel rebar contract on the …

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Iron Ore DCE Sep Daily Technical Review 17/5/21

Verdict – Short-term neutral. DCE iron ore September contract maintained consolidation in narrow range during the day, with 1214 as upper bound and 1166 as the lower bound. Volume narrowed consecutively during the trading day. Hourly CCI rebounded. Hourly MACD potentially create gold cross. However as the first day after a two day huge correction, …

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Daily Virtual Steel Mill Report 17/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics: Jan-Apr electric power generation 2.53 trillion kwh, up 16.8% y-o-y, up 10.9% compared to the year 2019. ·         China April above scale industry realised added value growth rate 9.8%, last 14.1%, est. 9.8%. ·         Jan -Apr, China National …

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FIS Singapore Iron Ore Derivatives Report 14/05/2021

Iron Ore Market Update Market Commentary Iron ore futures sank over 10% to below $190 on Friday as China steps up its efforts to tame surging commodities prices. Iron ore has had a rollercoaster ride this week, surging to historical high of above $233 on Wednesday but concerns over regulatory intervention saw the steelmaking ingredient …

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Ferrous Trade Weekly Review 14/5/21

A total of 1.06 million mt of iron ores was traded for the week ended May 14 and witnessed the iron ore prices to go above the record-high $230/mt level on good Chinese steel demand. Apparently, restocking activities did not slow down after the post-holidays market and the high steel demand and lower inventory continued …

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