Tag archives: IO

Iron Ore DCE Jan Daily Technical Review 15/10/21

Verdict – Short-term neutral. DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 15/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: ·         Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …

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FIS Singapore Iron Ore Derivatives Report 14/10/21

Physical Trades Platform Corex traded 75,000 mt PBF + 85,000 mt PB lump at Platts Oct Index + $1/ + $1.5/mt for Oct 24 – Nov 2 loading. GO traded 80,000 mt Mac fines Fe 62% at $116.30/mt for Nov 6-15 loading. Corex traded 90,000 mt Yandi fines Fe 56.7% at AM[2021-11-01,2021-11-30],62%,-$21.80/mt for Nov 6-15 …

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Daily DCE Review 14/10/21

Iron ore futures continued to decline amid bearish market sentiments on power rationing that limited steel output and raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.90% day-on-day or down RMB 22 to RMB 736/mt, during the day trading session on Thursday. The rebar futures also dipped …

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Iron Ore DCE Jan Daily Technical Review 14/10/21

Verdict – Short-term neutral. DCE iron ore January contract maintained neutral in short-run after a round of rebound from late September. However iron ore potentially keep pushing if a new breakthrough on 748.0-753.5 area. Hourly KD created gold cross above oversold area. Hourly CCI rebounded stably. Technical signals were indicating the correction motivation was limited …

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Daily Virtual Steel Mill Report 14/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China September Total Social Financing reached 2.9 trillion yuan, est. 3.05 trillion yuan, last 2.96 trillion yuan. China September M2 Monetary supply up 8.3% y-o-y, est. 8.2%, last 8.2%. ·         U.S. president Biden announced the biggest ports in U.S., Los Angeles port and Long Island Port …

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