Tag archives: IO

Daily Virtual Steel Mill Report 9/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China May CPI 1.3%, est. 1.6%, last 0.9%. China May PPI up 9%, est. 8.3%, last 6.8%. ·         World Bank published Global Economic Outlook, adjusted the year 2021 economy growth rate from 4% to 5.6%. China economy growth rate in 2021 from 7.9% …

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Daily DCE Review 8/6/21

Iron ore futures dipped slightly after a volatile trading session, amid softening steel prices and narrowing margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched down slightly by 0.73% on-day or down RMB 8.50 to RMB 1,149/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also dropped by …

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FIS Singapore Iron Ore Derivatives Report 07/06/21

Market Commentary Iron ore futures fell sharply on Monday over as output restrictions have been extended outside Tangshan while seasonal factors have also dampened the mood for the steelmaking ingredient. Steel rolling mills in Tangshan’s Fengrun District will have their output slashed for the week between 5th and 13th June. The fresh restrictions will affect …

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