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Tag archives: IO
Daily DCE Review 25/10/21
Iron ore futures rose at the opening, despite some dips toward the close but still managed to book positive gains on the day session. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.70% day-on-day or up RMB 11.50 to RMB 688.50/mt, during the day trading session on Monday. The rebar …
Iron Ore DCE Jan Daily Technical Review 25/10/21
Verdict – Short-term neutral to bullish. DCE iron ore January contract started a small round of rebound from a month low. However the recovery of the rebound needs a confirm to breakthrough 711.5. Hourly MACD narrowed. Hourly slow stochastic KD created a dead cross below overbought area. Technical signals were indicating the rebound was in …
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Daily Virtual Steel Mill Report 25/10/21
Market Verdict on Iron Ore： · Neutral. Macro · China state council researched to support wind based electricity, solar based electricity and to increase utilize advanced smart power grid technology. To control coal, steel, electrolytic aluminum, cement, and petro-chemical projects investments. To support green and low carbon consumption program development. · China financial department drafted …
London Iron Ore Market Report 22/10/21
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FIS Singapore Iron Ore Derivatives Report 22/10/2021
Market Commentary Iron ore found some support and rebounded on Friday on recovered China imported iron ore prices and sales after days of softening. At the moment higher grade iron ore productions demand has recovered modestly with comparably healthy steel margins. From market source, some physical traders purchased Brazilian ore to bet on its higher …
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Oil and Ore Intraday Morning Technical 22/10/21
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Ferrous trade weekly review 22/10/21
A total of 980,000 mt of iron ores was traded for the week ended Oct 22, a significant sharp decline of 64.87% from previous week at 2.79 million mt. Trade participants were concerned over the upcoming traditional low steel demand during winter season with market certainty variables over power crunch and sintering curbs. During the …
Daily DCE Review 22/10/21
Iron ore futures continued its downward slide on market uncertainty over steel demand amid sintering restrictions. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 1.50% day-on-day or down RMB 10.50 to RMB 689.50/mt, during the day trading session on Friday. The rebar futures also dropped by 6.54% day-on-day or down …
Daily Virtual Steel Mill Report 22/10/21
Market Verdict on Iron Ore： · Oversold in short-run. Macro · China PM Li Keqiang held conference to punish illegal speculation on coal market and prevent the price transmission from commodities to downstream, and avoid cost increasing on mid-small capital company. · China Zhejiang Province downgrade the electricity consumption level from C to B, indicating …