Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 22/09/21

Market Commentary Iron ore futures rebounded above $100 due to low rebar inventories. Rebar stocks across commercial warehouses in China have been on a decline for the last two months while production also fell in the last two weeks. According to Steelbank, construction steels inventories were down 4.05% from a week ago to 7.26 million …

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Daily DCE Review 22/9/21

Iron ore futures rallied at the day session, as trade participants returned from the long public holidays in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.72% day-on-day or up RMB 24 to RMB 668.50/mt, during the day trading session on Wednesday. The rebar future also jumped up by …

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Iron Ore DCE Jan Daily Technical Review 22/9/21

Verdict – Short-term bullish. DCE iron ore January contract ended the consecutive losses over the previous eight trading days and created a 10% increase from the opening of the day. Hourly MACD created gold cross. Hourly slow stochastic KD started to push after created gold cross in oversold area. Hourly CCI rebounded from bearish territory …

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Daily Virtual Steel Mill Report 22/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         OECD predicted that the global economic increase at 5.7% in the year 2021, G20 growth rate at 6.1%, down 0.1% and 0.2% respectively from the last expectation in May. China growth rate at 8.5% in the year 2021, and 5.8% in the year 2022, unchanged from …

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FIS Singapore Iron Ore Derivatives Report 21/09/21

Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/09/Iron-Ore-Report-21092021-Eng-Chn.pdf   For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002