Market Verdict on Iron Ore： · Neutral. Macro · China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. · U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …
Tag archives: IO
London Iron Ore Market Report 03/09/21
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
Daily DCE Review 3/9/21
Iron ore futures rebounded from previous slump on Friday day session, despite market sentiments were dampened by stringent output cuts. The futures of Dalian Commodity Exchange (DCE) then rose by 1.42% day-on-day or RMB 11 to RMB 786/mt, during the day trading session on Friday. The rebar futures also went up by 2.37% day-on-day or …
Iron Ore DCE Jan Daily Technical Review 3/9/21
Verdict – Short-term neutral. DCE iron ore January contract created the second day of rebound, however resisted below 789.5, which was an important short-run resistance level. A breakthrough on this level would mean a continuous strong rebound. Hourly slow stochastic KD potentially enter an overbought area. Hourly CCI entered bullish territory and widened. Hourly MACD …
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London Iron Ore Market Report 02/09/21
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
FIS Singapore Iron Ore Derivatives Report 02/09/21
Iron Ore Market Update Market Commentary Iron ore futures extended its slide below $140 as Beijing rolled out its production cuts plan further. Some steel mills in Guangxi and Sichuan province are ordered to stop operations by environmental inspections authority, according to Mysteel reports Guangxi as another major steel making region has ordered its …
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Oil and Ore Intraday Morning Technical 02/09/21
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
Daily DCE Review 2/9/21
Iron ore futures inched down slightly on Thursday, after a sharp fall yesterday, as market braced for more steel output cuts during the peak steel demand season. The futures of Dalian Commodity Exchange (DCE) then inched down by 0.58% day-on-day or RMB 4.50 to RMB 773.50/mt during the day trading session on Thursday. The rebar …
Iron Ore DCE Jan Daily Technical Review 2/9/21
Verdict – Short-term neutral. DCE iron ore January contract tested high and correct, as predicted yesterday as an oversold rebound. The hourly MACD potentially create gold cross in bearish area. However slow stochastic KD and CCI from hourly level were flattened. Short-run consolidating in the range box of 757.5- 789.5. The first support is 757.5, …
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Daily Virtual Steel Mill Report 2/9/21
Market Verdict on Iron Ore： · Neutral. Macro · U.S. ISM announced last month U.S. PMI reached 59.9. However the price indicator of Manufacturing industry dropped from 85.7 to 79.4 from July to August, created the eight month low, which potentially symbolized that inflation reached a roof area. · Germany central bank indicated that European …