Tag archives: IO

Daily Virtual Steel Mill Report 8/12/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PBOC RRR released four positive signals including the stable economy growth, hedge the downside risk of economy, create a beneficial monetary environment for enterprises and indicate a manageable liquidity policy. ·         The two parties of U.S. reached a consensus to increase the maximum debt ceiling …

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Daily DCE Review 8/12/21

Iron ore futures extended gains on market optimism over steel demand with better money supply to fund construction activities. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 2.46% day-on-day or up RMB 15.50 to RMB 646/mt, during the day trading session on Wednesday. The rebar futures, however, went down by …

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Daily DCE Review 7/12/21

Iron ore futures rallied on looser monetary policy, higher iron ore import figures and expectation of better economic policy plans for the next year. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped up by 8.07% day-on-day or up RMB 48 to RMB 643/mt, during the day trading session on Tuesday. The …

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