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Tag archives: IO
FIS Singapore Iron Ore Derivatives Report 10/09/2021
Market Commentary Iron ore remained below $130 on expectations of increased supplies as well as worsening demand outlook as China’s emission targets are likely to drive further output curbs for the rest of the year. Iron ore futures did rebound to around $131 in Asia morning as inventory data points to better steel consumption. Mills’ …
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Ferrous trade weekly review 10/9/21
A total of 840,000 mt of iron ores was traded for the week ended Sep 10, amid a series of price correction due to low steel demand. Iron ore prices continued its corrections phrase, despite being at the traditional peak construction season. However, iron ore demand failed to gain tractions due to the extending steel …
Oil and Ore Intraday Morning Technical 10/09/21
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Daily DCE Review 10/9/21
Iron ore futures opened high at the starting session, but the upward momentum then reversed into losses at the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.27% day-on-day or down RMB 2 to RMB 732.50/mt, during the morning trading session on Friday. The rebar future however, rose …
European Close 09/09/21
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London Iron Ore Market Report 09/09/21
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Brent Oct 21 Morning Technical Comment – 240 Min
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Daily DCE Review 9/9/21
Iron ore futures dipped into losses on Thursday, despite opening high at the start of the afternoon session. The futures of Dalian Commodity Exchange (DCE) then fell by 2.73% day-on-day or RMB 20.50 to RMB 730/mt, during the day trading session on Thursday. The rebar futures, however, rose by 4.47% day-on-day or RMB 243 to …
Iron Ore DCE Jan Daily Technical Review 9/9/21
Verdict – Short-term neutral. DCE iron ore January contract correct slightly. As predicted yesterday, iron ore volatile range became narrower. Luckily the support on 717.5-719.5 was strong , which successfully witnessed a V-Shape reversal twice over the previous four trading days. Stochastic indicators were all flat in hourly level. Unless a breakdown on 717.5 -719.5 …
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