FIS Singapore Iron Ore Derivatives Report 11/10/21

Physical Trades Platform GO traded 80,000 mt Newman lump at Platts 62% Nov index + $0.25/dmtu for Nov 1-10 loading. GO traded 170,000 mt BRBF Fe 62% at $139.10/mt for Nov 14-23 loading. Corex traded 80,000 mt Yandi fines Fe 56.7% at AM[2021-11-01,2021-11-30],62%,-$22.90 /mt for Oct 28 -Nov 6 loading. Corex traded 120,000 mt PBF …

Daily DCE Review 11/10/21

Iron ore futures rallied on increased steel production and restocking activities, amid market concerns over power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 6.48% day-on-day or up RMB 48.50 to RMB 797.50/mt, during the day trading session on Monday. The rebar futures also inched up …

Iron Ore DCE Jan Daily Technical Review 11/10/21

Verdict – Short-term bullish. DCE iron ore January contract maintained bullish during the day. Daily 5 day moving average, 10 day moving average and 20 day moving average have created two sets of gold cross, which reversed the previous bearish market to a rebound market. Hourly slow stochastic KD entered bullish territory. Hourly CCI entered …

Daily Virtual Steel Mill Report 8/10/21

Market Verdict on Iron Ore: ·         Bullish. Macro ·         U.S. increased 194,000 jobs in September, which was significantly below expectation around 500,000 jobs increase, previous number was increase by 235,000 jobs. ·         China PM Li Keqiang held conference to ensure the winter and early spring supply and coal and electricity. The conference widened the floating …

Daily DCE Review 8/10/21

Iron ore futures rallied as Chinese trade participants returned from holidays, despite market uncertainty on steel output curbs and power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 4.88% day-on-day or up RMB 35.50 to RMB 762.50/mt, during the day trading session on Friday. The rebar …