Iron ore futures continued to extend losses at the day session, over market concerns over new wave of pandemic spread in southern China that affected steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.94% day-on-day or down RMB 27.50 to RMB 670.50/mt, during the day trading session on …
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European Close 15/09/21
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London Iron Ore Market Report 15/09/21
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FIS Singapore Iron Ore Derivatives Report 15/09/21
Market Commentary Iron ore extended losses to sub-$120 as China’s steel production slumped to the lowest in 17 months. According to the National Bureau of Statistics, China’s crude steel output slumped by 12% year-on-year to 83.24 million metric tonnes in August, the lowest since March 2020.The slump could be attributed to China’s efforts to cut …
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Oil and Ore Intraday Morning Technical 15/09/21
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Daily DCE Review 15/9/21
Iron ore futures extended losses at the morning session, despite some rallies later to recover the loss grounds before the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.46% day-on-day or down RMB 10.50 to RMB 711/mt, during the day trading session on Tuesday. The rebar future plunged sharply …
Iron Ore DCE Jan Daily Technical Review 15/9/21
Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed a listed low during the day. The mid-run bearish has yet changed. Rebound previously created entrance opportunities for new short investors. Both highs and lows were decreasing fast. Reversal was difficult unless a quick push back with significantly increased volume. The first support …
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Daily Virtual Steel Mill Report 15/9/21
Market Verdict on Iron Ore: · Neutral to bearish. Macro · The United States recorded an annual rate of 5.3% without quarterly adjustment of CPI in August, in line with expectations. In August, the monthly rate of core CPI recorded 0.1%, the lowest since February this year. Analysts believed that this indicated inflation has peaked, …
European Close 14/09/21
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London Iron Ore Market Report 14/09/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630