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Tag archives: IO
London Iron Ore Market Report 10/05/21
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Singapore Iron Ore Report 10/05/2021
Market Commentary Iron ore futures surged more than 10% on Monday amid robust Chinese demand as well as optimism over global economic recovery, while the bilateral tensions between Australia and China also helped fired up the steelmaking ingredient. According to the China Iron & Steel Association (CISA), Chinese mills’ daily crude steel production went up …
Daily DCE Review 10/5/21
Iron ore futures went up the roofer at the start of morning trading session to extend the post-holidays rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rallied up to the daily limit by 10% day-on-day or up RMB 120.50 to RMB 1,326.50/mt on Monday. The steel rebar …
Iron Ore DCE Sep Daily Technical Review 10/5/21
Verdict – Short-term bullish. DCE iron ore September contract reached limit-up at 1326.0. Most of trades from last week were done by previous buyers taking gains and new buyers entering market. Thus open interest fell by 13.8% from mid-April. Hourly MACD flattened. Slow stochastic widened. SHFE HRC and Rebar have significant bids working on limit-up …
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Daily Virtual Steel Mill Report 10/5/21
Market Verdict on Iron Ore： · Iron ore short-run neutral to bullish, be aware of taking gains. Macro · U.S. non-agricultural employment reached 266,000, much lower than expectation at 978,000. U.S. index DXY dropped to the lowest since February 25th. Inflation-linked assets were bought massively cross weekends. Iron Ore Key Indicators: · Iron ore and …
London Iron Ore Market Report 07/05/21
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Singapore Iron Ore Report 07/05/2021
Market Commentary Iron ore futures soared to new heights on Friday following robust Chinese demand, while the worsening of bilateral relations between China and Australia continue to spook sentiment. According to a Mysteel survey of 184 Chinese mills, total finished steel products grew by 0.7% to 6.49 million mt during the Labour Day holiday period …
Oil and Ore Intraday Morning Technical 07/05/21
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Ferrous trade weekly review 7/5/21
A total of 0.7 million mt of iron ores was traded for the week ended May 7, during the short working week amid the Labour Day holidays in China. During the week, market activities were muted until the return of Chinese participants later in the week and spurred the steel prices to record-high. So far, …