Tag archives: IO

Daily Virtual Steel Mill Report 24/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: ·          Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …

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Daily DCE Review 24/11/21

Iron ore futures rose for the third consecutive day on market optimism over higher steel output after the lifting of production restrictions. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 5.84% day-on-day or up RMB 34 to RMB 616.50/mt, during the day trading session on Wednesday. The rebar futures also …

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Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 23/11/21

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Oil and Ore Intraday Morning Technical 23/11/21

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Daily DCE Review 23/11/21

Iron ore futures increased on easing of steel output curbs, and higher steel prices that improved mills’ margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 7.81% day-on-day or up RMB 42.50 to RMB 587/mt, during the day trading session on Tuesday. The rebar futures however, inched down by 0.09% …

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