Iron ore futures dipped after three consecutive days of gains, despite a rally in morning session as market participants were concerned over slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 3.45% day-on-day or down RMB 21.50 to RMB 601/mt, during the day trading session on Thursday. The …
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Iron Ore DCE May Daily Technical Review 02/12/21
Verdict – Short-term neutral. DCE iron ore May22 contract created a 25.78% growth counted from the low of Nov 19th to the high of Dec 2nd. However iron ore dumped during the last hour with expanding volume compared to previous afternoon session. A recovery on 644.0 would only bring iron ore to a slow growth …
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Daily Virtual Steel Mill Report 2/12/21
Market Verdict on Iron Ore： · Neutral to bullish. Macro · OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. · Fed Beige Book: in October and early November, economic activity in most fed …
European Close 01/12/21
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London Iron Ore Market Report 01/12/21
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Singapore Iron Ore Report 01/12/21
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Iron Ore Offshore Intraday Morning Technical 01/12/21
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Castaway Podcast Ep. 82 01/12/21
FIS Castaway Podcast – Ep. 82 With a new Covid variant oil’s price has sledged down a hill, while Panamaxes have stormed ahead in the dry freight market, all discussed on this week’s podcast. Click Below to Listen: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-82/ Spotify – https://open.spotify.com/episode/4WT27WbENAvcsrAS6koWqA?si=qeLt6MYtRMKNB_Mi1O-rcA iTunes – https://podcasts.apple.com/gb/podcast/episode-82/id1507094242?i=1000543604886 For more information please contact enquiry@freightinvestor.com …
Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 01/12/21
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Daily DCE Review 1/12/21
Iron ore futures rose for the third consecutive trading day, despite poor economic data indicating slowdown of manufacturing activities in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.63% day-on-day or up RMB 10 to RMB 624/mt, during the day trading session on Wednesday. The rebar futures also followed …