Tag archives: IO

Daily DCE Review 10/6/21

Iron ore futures booked a slight gain after a volatile market session, amid market sentiment of lower steel demand during rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.68% on-day or up RMB 8 to RMB 1,178/mt on Thursday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE Sep Daily Technical Review 10/6/21

Verdict – Short-term neutral. DCE iron ore September contract resisted by 1191.5-1197.0 area again, which was also predicted from yesterday. Thus price movement was rejected by major resistance and went back to consolidation in narrower range. Hourly MACD narrowed. Hourly slow stochastic KD deepened the correction after created a dead cross. Hourly CCI tested low …

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Daily Virtual Steel Mill Report 10/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         On June 9, the National Development of Reform Commission held a forum, proposing to closely track the trend of commodity prices, including price forecasting and early warning, further understanding the operation of relevant market entities, figure out the clues of illegal price increases, …

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FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

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Daily DCE Review 9/6/21

Iron ore futures rebounded from previous trading day losses, amid a volatile market with narrowing steel margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.98% on-day or up RMB 45 to RMB 1,175/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also jumped up by 1.31% …

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Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …

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