Market Verdict on Iron Ore： · Neutral. Macro · China CCTV news: U.S. trade representative Katherine Tai seek to ease trade relations with China in a U.S. poultry conference. · U.S. Q3 GDP up 2% y-o-y, Q2 up 6.7%. The slowing down on GDP growth rate was far beyond expectation. Iron Ore Key Indicators: · …
Tag archives: IO
London Iron Ore Market Report 28/10/21
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 US (FL): +1 813 490 6630
Daily DCE Review 28/10/21
Iron ore futures continued to move downtrend on lower steel, despite a late rally at the afternoon session to regain some lose grounds. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.36% day-on-day or down RMB 16.50 to RMB 683.50/mt, during the day trading session on Thursday. The rebar futures …
Iron Ore DCE Jan Daily Technical Review 28/10/21
Verdict – Short-term neutral. DCE iron ore January contract tested low in Asian morning however recover most of losses during this afternoon. The contract created a monthly low. However the quick rebound on the low indicated iron ore was not ready to test low in following sessions. Hourly KD created gold cross. Hourly CCI went …
Continue reading “Iron Ore DCE Jan Daily Technical Review 28/10/21”
Daily Virtual Steel Mill Report 28/10/21
Market Verdict on Iron Ore： · Neutral. Macro · China PM Liu He had a video conference with U.S. Treasury Secretary Yellen. The conference revealed the expectation on tax exemption. · China state council issued details on emission peak. At the year 2030, China non-fossil energy expecting to reach 25% of whole energy usage. · …
London Iron Ore Market Report 27/10/21
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 US (FL): +1 813 490 6630
Iron Ore DCE Jan Daily Technical Review 27/10/21
Verdict – Short-term neutral. DCE iron ore January contract tested low in the morning session following the general correction on coal sector. However iron ore went back to its own technical range and became the strongest contract among ferrous complex. Hourly MACD widened above 0 axis. Hourly CCI approached bullish territory. The first support is …
Continue reading “Iron Ore DCE Jan Daily Technical Review 27/10/21”
Daily Virtual Steel Mill Report 27/10/21
Market Verdict on Iron Ore： · Neutral. Macro · China PM Liu He had a video conference with U.S. Treasury Secretary Yellen. The conference revealed the expectation on tax exemption. · China state council issued details on emission peak. At the year 2030, China non-fossil energy expecting to reach 25% of whole energy usage. · …
London Iron Ore Market Report 26/10/21
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 US (FL): +1 813 490 6630
Weekly Virtual Steel Margin Report 26/10/2021
Market Verdict： – Iron ore short-run neutral to bullish. Macro Market Change and Money Movement: – The correction on both oil and coal symbolized the speculation of energy risk temporarily cooled. The headlines over weekends were contributed by the pilot version of China real estate tax came out. Major macro analysts from Asian based securities …
Continue reading “Weekly Virtual Steel Margin Report 26/10/2021”