Ferrous trade weekly review 31/12/21

A total of 1.375 million mt of iron ores was traded for the week ended Dec 31, as trades picked up with restocking activities for the pre-Lunar New Year period. There was some easing of output restrictions for mills that met the environmental requirement, which led to increase in productions. During the week, the trades …

Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 31/12/21

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Daily DCE Review 31/12/21

Iron ore futures rose for the second consecutive trading day, amid falling steel stocks and market anticipation of better restocking activities ahead. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 0.89% day-on-day or up RMB 6 to RMB 680/mt, during the day trading session on Friday. The rebar futures, …

Iron Ore DCE May Daily Technical Review 30/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract tested high during Asian morning session and however gave back major gains during the afternoon session. The daily trading volume today and yesterday created the lowest from the previous eight trading days. The candles also indicated current market has no trend in short-run. Hourly MACD weakened …

Daily Virtual Steel Mill Report 30/12/21

Market Verdict on Iron Ore: • Neutral. Macro • China PM Li Keqiang held general political conference to delay some income tax incentives, equal to 1.1 trillion yuan of tax cut annually. • China proposed to increase the self-sufficiency by 35% in copper, 20% in aluminum. In addition, increase scrap ratio by 30% in steel …

Daily DCE Review 30/12/21

Iron ore futures rebounded from previous trading day losses, amid slowdown in steel demand and weak market outlook for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 0.98% day-on-day or up RMB 6.50 to RMB 669.50/mt, during the day trading session on Thursday. The rebar futures, …

Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 30/12/21

Please click below to view the report       For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004