Tag archives: IO

Daily Virtual Steel Mill Report 26/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         According to Bloomberg’s survey of economists, it is expected that the Federal Reserve will begin to reduce its asset purchase plan next year, focusing on mortgage-backed securities. ·         The strong typhoon landed on east China caused coastal area transportation stoppage and port closure. …

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FIS Singapore Iron Ore Derivatives Report 23/07/21

Market Commentary Iron ore futures remained subdued as investors cast doubt over the steel demand outlook. Iron ore plunged as much as 9% this week as China stepped up efforts to rein in its steel sector. According to Mysteel, Steelmakers in Jiangsu, Fujian and Yunnan were asked to reduce output from last year’s level. At …

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Ferrous trade weekly review 23/7/21

A total of 510,000 mt of iron ores was traded for the week ended Jul 23, much lesser than the 1.25 million mt of iron ore traded last week, as market was affected by output cuts. There was less demand for raw materials after the Chinese authority asked various steelmakers in Jiangsu, Fujian and Yunnan …

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Daily DCE Review 23/7/21

Iron ore futures slumped during the morning session, amid slower steel consumption and higher port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.01% day-on-day or RMB 23 to RMB 1,124/mt during the day trading session on Friday. The rebar futures, however, went up by 2.20% day-on-day or RMB …

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Daily Virtual Steel Mill Report 23/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         President of Europe Central Bank Largede expected Q2 economy started to rebound in Europe area, and growth rate become stronger in Q3 supported by strong manufacturing industry. Largede expected EU will recover to pre-pandemic economy level in next Q1. Inflation was lower than …

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