Tag archives: IO

Ferrous Trade Weekly Review 21/1/22

A total of 1.87 million mt of iron ores was traded for the week ended Jan 21, up 65.49% on-week, as buyers rushed for purchases before Lunar New Year holidays. Most of the purchases were scheduled for delivery in late February and early March, as market participants believed that the steel demand will pick up …

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Daily DCE Review 21/1/22

Iron ore futures extended gains on Friday, despite slowing demand and improvement in the buildup of steel stocks. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 2.23% day-on-day or up RMB 16.50 to RMB 755.50/mt, during the day trading session on Friday. The rebar futures also rose slightly by 0.11% …

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Daily Virtual Steel Mill Report 21/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • US Treasury Secretary Yellen said that inflation is expected to remain above 2% in 2022. There are many uncertainties about inflation. Over time, the inflation rate is expected to decline this year. • U. S. initial jobless claims increased from 231,000 to 286,000 last …

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Iron Ore DCE May Daily Technical Review 20/1/22

Verdict – Short-term neutral, be aware of top reversal. DCE iron ore May22 contract rejected by 748.5 for the second day with smaller volume. Maintain neutral comment, however be aware of market reversal. Short-run iron ore created a gap from 718.5 – 732.0, which was a strong support. Hourly MACD flattened. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 20/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China central bank decreased the one year Loan Prime Rate from 3.8% to 3.7%, the second month decrease. Five Year Loan Prime Rate decreased from 4.65% to 4.6%, previously this rate was fixed for 2o consecutive months. • U.K. December 2021 CPI up 5.4%, created the …

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Daily DCE Review 20/1/22

Iron ore futures inched up amid mixed market outlook, in view of slowing demand approaching holidays and expectation of more production curbs during Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.30% day-on-day or up RMB 9.50 to RMB 742/mt, during the day trading session on Thursday. The …

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