Daily DCE Review 13/7/21

Iron ore futures closed higher due to better steel prices and the persisted low monthly iron ore imports arrival to China. The futures of Dalian Commodity Exchange (DCE) for September delivery then soared by 3.29% day-on-day or RMB 39 to RMB 1,225/mt during the day trading session on Tuesday. The rebar futures however, dipped slightly …

SIOF Week 2021: Iron ore to extend commodity bull run

Goldman Sachs expected more steams for iron ore rally, despite its prolonged bullish run for three-consecutive year. At first the bull run was triggered by supply shock from Brazil’s Vale, but the rally had matured to a more demand-oriented market, boosted by various governments’ economic stimulus packages. “Iron ore has become the poster child of …

FIS Singapore Iron Ore Derivatives Report 12/07/21

Iron Ore Market Update Market Commentary Iron ore futures endured a choppy Monday morning as investors steel supply and demand outlook amid China’s monetary support as well as an uptick in seaborne supply, while concerns of further production restrictions linger on. The Peoples’ Bank of China (PBOC) announced a broad cut in the reserve-requirement ratio …

Daily DCE Review 12/7/21

Iron ore futures moved in a choppy fashion on Monday, over looming concerns for further production cuts in China. The futures of Dalian Commodity Exchange (DCE) for September delivery then opened high, only to fall before recovery at the close with gain of 1.45% day-on-day or RMB 17 to RMB 1,188.50/mt during the day trading …

Iron Ore DCE Sep Daily Technical Review 12/7/21

Verdict – Short-term neutral. DCE iron ore September started to give back gains created by last Friday night session. The next session iron ore is facing correction risk. Hourly MACD created gold cross. Hourly CCI created a periodic rebound from July 8th. Hourly slow stochastic KD created gold cross and accelerated on the rebound. Technical …