Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China State Council conference mentioned to inspect the illegal speculation on commodities and tax evasion, which disturbed the market environment and the tax revenue. · U.S. June PPI reached 7.3%, core PPI reached 5.6%, both created record high. U.S. Federal Powell indicated Federal …
Tag archives: IO
European Close 14/07/21
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FIS Singapore Iron Ore Derivatives Report 14/07/21
Market Commentary Iron ore futures steadied ahead of China’s quarterly gross domestic product report and steel output data on due to release this Thursday. Investors are searching for clues on China’s economic outlook as well as demand strength, particularly at a time when authorities are once again sending out mixed messages. Chinese Premier Li Keqiang …
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FIS Castaway Podcast – Episode 63 14/07/21
FIS Castaway Podcast – Episode 63 As the UK looks to relax covid regulations next week, the team discuss what’s happening in the freight, iron ore and oil markets. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-63/ Spotify https://open.spotify.com/episode/1Lh9dgsQF1pGZJ0zrCINe1?si=pVE_qS-3R7Cy1UAvXjb2DA&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-63/id1507094242?i=1000528851383 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …
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Oil and Ore Intraday Morning Technical 14/07/21
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Daily DCE Review 14/7/21
Iron ore futures moved flattish on Wednesday, after a slump at previous night market and closed for a slight gain at the afternoon trading session. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.79% day-on-day or RMB 9.50 to RMB 1,219.50/mt during the day trading session on Wednesday. The …
Iron Ore DCE Sep Daily Technical Review 14/7/21
Verdict – Short-term neutral. DCE iron ore September tested low first hour this morning and rebounded to opening level very fast. Iron ore was still in the consolidation range between 1152.0 – 1231.0. Hourly slow stochastic KD deepened correction after a dead cross. However MACD stabled and rebounded. Technical signals were neutral at the moment. …
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Daily Virtual Steel Mill Report 14/7/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China PM Li Keqiang held a economist conference to counter against economic cycle risk. Maintain the continuous effect of macro policy and avoid general liquidity release to the market. The RRR cut focus on special areas and structural demand, to benefit mid-small capital …
London Iron Ore Market Report 13/07/21
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FIS Singapore Iron Ore Derivatives Report 13/07/21
Market Commentary Iron ore futures advanced on Tuesday as fresh imports data indicates resilient demand. China’s inbound shipments of the steelmaking raw material were relatively stable in June, compared with the previous month, pointing to steady demand in the world’s top steel producer. Iron ore imports stood at 89.4 million tonnes, down 0.4% month-on-month, the …
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