Tag archives: IO

Daily DCE Review 22/7/21

Iron ore futures slumped during the morning session, due to production cuts and more commodity prices curbs from the Chinese authority. The futures of Dalian Commodity Exchange (DCE) for September delivery then plunged down by 5.32% day-on-day or RMB 64 to RMB 1,138/mt during the day trading session on Thursday. The rebar futures, however, went …

Continue reading “Daily DCE Review 22/7/21”

Castaway Podcast – Episode 64 22/07/21

    FIS Castaway Podcast – Episode 64 – Ferts Special     We hop into the world of Ferts with our Aussie broker Andrew Manna walking us through this growing market, alongside our usual discussion on Freight, Iron ore and Oil.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-64/   Spotify https://open.spotify.com/episode/0SVBJEFxmjagzIv011IZ8x?si=dvE08oTzQKCHA0qaGOIhqA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-64-ferts-special/id1507094242?i=1000529571701       …

Continue reading “Castaway Podcast – Episode 64 22/07/21”

Iron Ore DCE Sep Daily Technical Review 22/7/21

Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …

Continue reading “Iron Ore DCE Sep Daily Technical Review 22/7/21”

Daily Virtual Steel Mill Report 22/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         A senior official of the IMF said the global output gap of about $15 trillion caused by the Covid-19 crisis, needed “tough reforms” in product, labor and financial markets. ·         US Deputy Secretary of state Sherman will visit China from July 25 to …

Continue reading “Daily Virtual Steel Mill Report 22/7/21”

Daily DCE Review 21/7/21

Iron ore futures faced a selloff in the day session, due to market concerns over firmer commodities’ price controls and bad weathers that affected transportation and logistics in Henan, China. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped down by 3.85% day-on-day or RMB 47 to RMB 1,174/mt during the day …

Continue reading “Daily DCE Review 21/7/21”

Iron Ore DCE Sep Daily Technical Review 21/7/21

Verdict – Short-term bearish. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1152.0, the first resistance …

Continue reading “Iron Ore DCE Sep Daily Technical Review 21/7/21”

Daily Virtual Steel Mill Report 21/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         The Asian Development Bank predicts that China’s economic growth is expected to remain at 8.1% this year and 5.5% in 2022. However, the overall growth expectations of Asian developing economies have been lowered. ·         The National Development and Reform Commission held …

Continue reading “Daily Virtual Steel Mill Report 21/7/21”