Tag archives: IO

Iron Ore DCE Jan Daily Technical Review 20/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested high at 733.5 again and rejected. Iron ore overall became slight higher than previous trading day. Hourly MACD and slow stochastic both flattened. Hourly CCI entered bullish territory. Technical signals were indicating the price movement were slow and stable currently. The first support is 698.0, …

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Daily Virtual Steel Mill Report 20/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China central bank PBOC held a housing and financial market conference to guide major banks managing the housing related finance and maintain a stable and healthy housing market. Evergrande default risk and spillover was in general controllable. ·         China National Bureau of Statistics: Q3 GDP up …

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FIS Singapore Iron Ore Derivatives Report 19/10/21

Market Commentary Iron Ore futures ticked up on Tuesday despite the weaker demand outlook. Iron ore port inventories up for the second week after golden week since Tangshan port evacuation was impacted by environment protection. China Iron ore port congestion remained severe, the latest port data from Mysteel said a yearly high figures of 204 …

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Daily DCE Review 19/10/21

Iron ore futures rebounded from recent losses, due to lower shipments from miners based in Australia and Brazil. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up slightly by 0.07% day-on-day or up RMB 0.50 to RMB 707/mt, during the day trading session on Tuesday. The rebar futures also rose by …

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