Iron Ore Market Update Market Commentary Iron ore futures plunged below $150 as investors once again turned their focus to China’s wavering demand after the BHP Group warned against the risks of further steel output cuts. In its commodities outlook report, the Australian miner warned that the “increasing likelihood of stern cuts to steel …
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Daily DCE Review 18/8/21
Iron ore futures fell further over subdued steel demand and low restocking activities among mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 3.73% day-on-day or down RMB 31.50 to RMB 813/mt, during the day trading session on Wednesday. The rebar futures, also dropped by 3.71% day-on-day or RMB 198 …
Iron Ore DCE Jan Daily Technical Review 18/8/21
Verdict – Short-term neutral to bearish. DCE iron ore January contract confirmed the bearish trend during this Tuesday and Wednesday. Firstly iron ore broke down the important previous support at 814.0 area, the push back after then was not strong enough to bring a higher closing above 814.0. Hourly MACD widened below 0 axis. CCI …
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Daily Virtual Steel Mill Report 18/8/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. Federal officials reached agreement that potentially exit part of monetary ease policy in three months if economy presenting positive signs in future. · U.S. Treasury Secretary Yellen said the Biden’s infrastructure and social projects expending bill was the “most important economy projects” …
London Iron Ore Market Report 17/08/21
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
Singapore Iron Ore Derivatives Report 17/08/2021
Iron Ore Market Update Market Commentary Iron ore futures slid below $160 on Tuesday on ongoing concerns over steel demand despite an uptick in restocking activities. While Beijing’s efforts to rein in its dirtiest steel sector, China’s total production over the first seven months of the year remained 8% higher than last year’s level, …
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Daily DCE Review 17/8/21
Iron ore futures dipped at the session close, due to weak market outlook and extension of production cuts to other Chinese regions. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 1.59% day-on-day or down RMB 13.50 to RMB 834/mt, during the day trading session on Tuesday. The rebar futures, also …
London Iron Ore Market Report 16/08/21
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
Singapore Iron Ore Derivatives Report 16/08/21
Iron Ore Market Update Market Commentary Iron ore futures fell on Monday after China’s steel production plunged to a 15-month low in July as China’s efforts to cut emission are starting to take effect. According to official data, steel output fell by 8.4% on year to 86.8 million tonnes. However, over the first seven months, …
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Daily DCE Review 16/8/21
Iron ore futures opened high at the start of the week, recovering ground from previous slump last week, as restocking activities picked up among mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.29% day-on-day or up RMB 19 to RMB 850.50/mt, during the day trading session on Monday. The …