Tag archives: IO

Daily DCE Review 27/5/21

Iron ore futures recovered from the morning session slump to record gains in the afternoon session, amid lower steel prices and margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 1.11% on-day or up RMB 11.50 to RMB 1,046.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE Sep Daily Technical Review 27/5/21

Verdict – Short-term rebound. DCE iron ore September contract recovered most of losses from yesterday and rebounded. Hourly candles returning to previous consolidation platform. Hourly slow stochastic KD created gold cross above oversold area. CCI returned to neutral area from a two-week-low area. Daily slow stochastic KD potentially create gold cross near oversold area. Short-run …

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Daily Virtual Steel Mill Report 27/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run rebound after oversold. Macro ·         China PM Li Keqiang presided over the executive meeting of the State Council on May 26, to support finance for small and enterprises and individual businesses. To support large enterprises to build a platform connecting supply and demand for the industrial …

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FIS Singapore Iron Ore Derivatives Report 26/05/2021

Market Commentary Iron ore futures slumped to the lowest in over a month over renewed concerns of a crackdown on commodity prices by authorities in China. Policymakers in China have found themselves in a very delicate conundrum as they look to maintain its economic growth but at the same time are concerned that a cost-push …

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FIS Castaway Podcast – Episode 26/05/21

    FIS Castaway Podcast – Episode 56   Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract.     Listen Below: …

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Iron Ore DCE Sep Daily Technical Review 26/5/21

Verdict – Short-term bearish. DCE iron ore September contract corrected significantly during the day. Hourly MACD created dead cross. Hourly CCI dropped from the highest since May 18th to the lowest of the year. Currently iron ore price drop along with new short position, indicating a continuous correction. The first support is 964.5, the first …

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Daily Virtual Steel Mill Report 26/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         China top economic planning to rein in abnormal fluctuations in commodities price including iron ore, copper, and corn, which was part of broader five-year plan to overhaul various pricing mechanisms. ·         On May 25, CNY against the US dollar mid-rate was 6.4283, up …

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