Tag archives: IO

Singapore Iron Ore Derivatives 24/08/21

Iron Ore Market Update   Market Commentary   Iron ore rebounded to near $150 as market sentiment has improved ahead of the peak seasonality. Rebar production in China rose by 1.1% during the 12-18 August period to 3.25 million metric tonnes, data by Mysteel showed. The increase in rebar production was due to preparation for …

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Daily DCE Review 24/8/21

Iron ore futures rose on Tuesday morning session, rebounded from previous losses seen last week, as market sentiment improved. The futures of Dalian Commodity Exchange (DCE) for September delivery then increased by 6.17% day-on-day or up RMB 47.50 to RMB 817.50/mt, during the day trading session on Tuesday. The rebar futures also rose by 2.39% …

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Singapore Iron Ore Derivatives 23/08/21

Iron Ore Market Update Market Commentary Iron ore declined on Monday as investors remained unconvinced by the recent uptick in restocking activities ahead of the peak demand season. Steel demand outlook remains a big concern to many trade participants despite the peak demand season is fast approaching due to the ongoing production curbs. The Commonwealth …

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Daily DCE Review 21/8/21

Iron ore futures moved flatly on Monday day session, and dipped at session close, following previous week of trading losses. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.05% day-on-day or down RMB 8 to RMB 757/mt, during the day trading session on Monday. The rebar futures, however rose by …

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Iron Ore DCE Jan Daily Technical Review 23/8/21

Verdict – Short-term neutral. DCE iron ore January contract gave back most of gains created by last Friday. Hourly MACD weakened. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected to bearish area from bullish area fast. The short support 735.0 was strong, which used to create a market reversal. However …

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Daily Virtual Steel Mill Report 23/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Dollar reached the highest since last November on last Friday. Dollar entered a strong cycle. Iron Ore Key Indicators: ·         Platts 62% 139.10 (+8.90), MTD 163.36. ·         Jan -Jul China  recycled iron and steel imported 420,500 tonnes. Major import from Japan. SGX …

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