Tag archives: IO

Daily DCE Review 12/8/21

Iron ore futures closed on negative region, despite a late rally at the afternoon session before falling to a sharp drop again. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 2.16% day-on-day or down RMB 18.50 to RMB 838/mt, during the day trading session on Thursday. The rebar futures also …

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Iron Ore DCE Jan Daily Technical Review 12/8/21

Verdict – Short-term neutral, oversold currently. DCE iron ore January gave back all gains created on previous trading day. Iron ore ended an oversold rebound and return to a short-run consolidation area from 836.0- 874.5. If a breakdown through 836.0 and 823.5, iron ore will trigger a slump. Hourly slow stochastic KD fell quickly after …

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Daily Virtual Steel Mill Report 12/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The U.S. Senate passed the 3.5 trillion U.S. dollar budget of Biden economic plan, used related to infrastructure investment. ·         China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support the iron and steel and coal …

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Castaway Podcast Episode 67

FIS Castaway Podcast – Episode 67    Laudate Nostradamus! With our freight and apocalyptic iron ore calls from the last few weeks coming true, we look at what’s been going on in the ferrous, oil and freight markets this week.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-67/ Spotify https://open.spotify.com/episode/1bx7An2ak8PjbHmUhG1qHw?si=gshvw_3CQlqGzuG-ibTeqw&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-67/id1507094242?i=1000531695519

Singapore Iron Ore Derivatives Report 11/08/21

Iron Ore Market Update   Market Commentary Iron ore futures were largely flat on Wednesday as investors assessed potential economic policies to boost growth against a push to clean up its steel sector. Prices of the steelmaking raw material have plummeted over $50 in less than three weeks as China’s efforts to curb steel production …

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Daily DCE Review 11/8/21

Iron ore futures opened flatly on Wednesday morning session before recording a rally at the afternoon session, despite slow steel demand and improving supply. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.69% day-on-day or up RMB 31 to RMB 871.50/mt, during the day trading session on Wednesday. The rebar …

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Iron Ore DCE Jan Daily Technical Review 11/8/21

Verdict – Short-term neutral, oversold currently. DCE iron ore January rebound after an oversold, the high volume indicated big changing hands and potentially reach a periodic low. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened. Hourly CCI entered bullish area. Hourly candles were confirming a bottom area, a further breakthrough on 874.5 …

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Daily Virtual Steel Mill Report 11/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The U.S. Senate voted 69 to 30 to approve the $1 trillion cross-party base establishment bill, which includes $550 billion in new infrastructure funding project. ·         China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support …

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