Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 30/07/21

Market Commentary Iron ore futures plunged below $180 for the first time since June as China steps up measures to clean up the steel sector, stoking fears among investors that Chinese demand will wane. Authorities had been attempting to cap steel output below last year’s record, but it had proved unsuccessful so far, with production …

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Ferrous trade weekly review 30/7/21

A total of 590,000 mt of iron ores was traded for the week ended Jul 30, up 15.69% week-on-week, as the Chinese steel demand was constrained by output cuts. The steel production had slowed down with extending output cuts over various Chinese provinces, while rainy weather affected steel demand and logistics. During the week, the …

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Daily DCE Review 30/7/21

Iron ore futures continued to plunge down after a selloff at the end of day session on Friday, amid lower steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then nosedived by 8.14% day-on-day or down RMB 91 to RMB 1,027/mt during the day trading session on Friday. The rebar futures, however …

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Daily Virtual Steel Mill Report 30/7/21

SGX Iron Ore 62% Futures& Options Open Interest (Jul 29th) ·         Futures 91,720,000 tonnes(Increase 3,532,700 tonnes) ·         Options 86,299,400 tonnes(Increase 700,000 tonnes) Steel Key Indicators ·         The Tariff Commission of the State Council announced that the export of ferrochromium and high-purity pig iron will be appropriately increased from August 1st, 2021, and the export tax …

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