Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 21/06/21

Iron Ore Market Update Market Commentary Iron ore futures sank below $200 on Monday after regulators in China vowed to take actions to stabilize the prices of iron ore and other commodities. During a visit at an iron ore trading centre on Monday, officials from the National Development and Reform Commission and the State Administration …

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Daily DCE Review 21/6/21

Iron ore futures started the week on soft note, due to corrections in steel prices that dampened market sentiments. The futures of Dalian Commodity Exchange (DCE) for September delivery then plunged down by 8.79% day-on-day or down RMB 108 to RMB 1,121/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also went …

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Iron Ore DCE Sep Daily Technical Review 21/6/21

Verdict – Short-term bearish. DCE iron ore September contract corrected as previously expected. A further breakdown on 1106.0 potentially drive down the price to 985.0 level, which was the lowest since April 12th. Daily MACD created dead cross. Daily CCI created roof area from the second week of June and then leaked to a bearish …

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Daily Virtual Steel Mill Report 21/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         U.S. 10 year treasury bonds yield corrected to 1.425%, which was a new low from March, 2021. ·         On June 18th, China PM Li Keqiang held a conference to conduct a decrease on mid-small capital enterprises fees and tax, to decrease the upstream …

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FIS Singapore Iron Ore Derivatives Report 18/06/21

Iron Ore Market Update Market Commentary Iron ore futures crumbled on Friday as China stepped up efforts to rein in emissions. Prices of ferrous metals all fell sharply after it was reported that the Chinese government has ordered nine groups – consisting of officials from different cabinet ministries plus an industry body to visit all …

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Ferrous trade weekly review 18/6/21

A total of 1.106 million mt of iron ores was traded for the week ended Jun 18, amid extended output curb in Tangshan and improving steel margins. According to Platts, the Chinese domestic hot-rolled coil and rebar sales profit margins averaged to decent range of $155/mt and $149/mt over June 1-15, respectively, though lower than …

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