Tag archives: IO

Daily DCE Review 31/8/21

Iron ore futures reversed into losses, as market confidence took a hit from poor economic indicators in August, and extension of steel output cuts to more Chinese provinces. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 5% day-on-day or down RMB 42.50 to RMB 808/mt, during the day trading session …

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Daily DCE Review 30/8/21

Iron ore futures extended the rally from last week, as market prepared for the peak construction season in upcoming Sep-Oct period. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.66% day-on-day or up RMB 5.50 to RMB 835/mt, during the day trading session on Monday. The rebar futures followed …

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Iron Ore DCE Jan Daily Technical Review 30/8/21

Verdict – Short-term neutral. DCE iron ore January contract completed four Elliot waves from hourly chart. Currently confirming the fifth wave. A breakthrough on 874.0 would start a new round of fifth wave and potentially targeting above 900 level. Otherwise iron ore consolidation. A breakdown on 813.5 would indicate the end of last round of …

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Daily Virtual Steel Mill Report 30/8/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         Sun Hui, deputy director of the Shanghai headquarters of the People’s Bank of China: develop the RMB settlement in crude oil, iron ore, grain, rubber and other bulk commodities, overseas contracted projects and other key fields, as well as start to breakthrough on the new settlements …

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FIS Singapore Iron Ore Derivatives Report 27/08/2021

Iron Ore Market Update Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/08/Iron-Ore-Report-27082021-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

Ferrous trade weekly review 27/8/21

A total of 920,000 mt of iron ores was traded for the week ended Aug 27, down 3.16% week-on-week, despite some price recovery at the end of the week. Iron ore prices had rebounded as some trade participants believed that the pricing had reached near term bottom, while restocking activities had picked up before the …

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Daily Virtual Steel Mill Report 27/8/21

Market Verdict on Iron Ore： –  Neutral. Macro – The day before chairman Powell’s important speech, hawkish officials of the Federal Reserve urged to start reducing the Treasury Bond purchase plan. They believe that the plan has become ineffective or even harmful. Iron Ore Key Indicators: –  Platts62 $153.35, +3.90, MTD $159.72. – MySteel 45 …

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