Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 18/06/21

Iron Ore Market Update Market Commentary Iron ore futures crumbled on Friday as China stepped up efforts to rein in emissions. Prices of ferrous metals all fell sharply after it was reported that the Chinese government has ordered nine groups – consisting of officials from different cabinet ministries plus an industry body to visit all …

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Ferrous trade weekly review 18/6/21

A total of 1.106 million mt of iron ores was traded for the week ended Jun 18, amid extended output curb in Tangshan and improving steel margins. According to Platts, the Chinese domestic hot-rolled coil and rebar sales profit margins averaged to decent range of $155/mt and $149/mt over June 1-15, respectively, though lower than …

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Daily DCE Review 18/6/21

Iron ore futures closed the day session in slight dip, after seeing rally in morning session over market concerns over supply tightness in port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped slightly by 0.17% on-day or down RMB 2 to RMB 1,203/mt on Friday. The steel rebar contract on …

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Iron Ore DCE Sep Daily Technical Review 18/6/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract slumped after hearing the commodity price supervision news from NDRC. However iron ore started to correct early this morning after a periodic high created over last night. The 1248.0 and 1253.5 became the double top in mid-run. A stand on 1176.0 level could help …

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Daily Virtual Steel Mill Report 18/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The National Development and Reform Commission held a regular press on June 17 to carry out the supervision of the bulk commodity market, jointly investigate the market transactions, interview enterprises and associations in key industries, investigate and verify the clues related to suspected …

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