Tag archives: IO

Daily Virtual Steel Mill Report 17/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics: Jan-Apr electric power generation 2.53 trillion kwh, up 16.8% y-o-y, up 10.9% compared to the year 2019. ·         China April above scale industry realised added value growth rate 9.8%, last 14.1%, est. 9.8%. ·         Jan -Apr, China National …

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FIS Singapore Iron Ore Derivatives Report 14/05/2021

Iron Ore Market Update Market Commentary Iron ore futures sank over 10% to below $190 on Friday as China steps up its efforts to tame surging commodities prices. Iron ore has had a rollercoaster ride this week, surging to historical high of above $233 on Wednesday but concerns over regulatory intervention saw the steelmaking ingredient …

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Ferrous Trade Weekly Review 14/5/21

A total of 1.06 million mt of iron ores was traded for the week ended May 14 and witnessed the iron ore prices to go above the record-high $230/mt level on good Chinese steel demand. Apparently, restocking activities did not slow down after the post-holidays market and the high steel demand and lower inventory continued …

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Daily DCE Review 14/5/21

Iron ore futures ended the week on sharp drop on morning session, despite some recovery late in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 7.49% on-day or down RMB 95 to RMB 1,173/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also plunged …

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Daily Virtual Steel Mill Report 14/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish.   Macro ·         U.S. president Biden made a concession on the infrastructure investment on 200 million dollars proposed previously. ·         U.S. April PPI up 6.2% y-o-y, created the biggest increase from the year 2010, est. 5.8%. ·         Tangshan Market Regulation Bureau, National Development and Reform …

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