Tag archives: IO

Ferrous trade weekly review 11/6/21

A total of 1.03 million mt of iron ores was traded for the week ended Jun 11, amid a volatile market with declining steel margins. However, benchmark iron ore prices soon found some supports from the supply tightness of port inventory and extended output curbs in Tangshan. During the week, the trades volume of PBF …

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Daily DCE Review 11/6/21

Iron ore futures closed the week on high note, due to supply tightness and another round output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped to a three-week high and went up by 5.90% on-day or RMB 69.50 to RMB 1,247/mt on Friday. The steel rebar contract on …

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Daily Virtual Steel Mill Report 11/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. May CPI up 5% y-o-y, created the biggest single month increase during the past 13 years. Because the economy boost stimulate the travel services and second-hand automobile price. The strong data partially due to the soft economic data base in last year …

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FIS Singapore Iron Ore Derivatives Report 10/06/21

Market Commentary Iron ore futures advanced on optimism that China’s steel output will stay elevated for the rest of the year. China’s steel demand is expected to ease off as the nation enters its rainy season. The latest rebar inventory data seemed to confirm that demand in China is slowing down. Rebar production was down …

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