Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 17/05/2021

Iron Ore Market Update Market Commentary Iron ore futures rebounded above $200 a tonne on Monday over better steel output. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released by China’s …

Continue reading “FIS Singapore Iron Ore Derivatives Report 17/05/2021”

Daily DCE Review 17/5/21

Iron ore futures started the week on slight gains against the huge rally seen last week as the market stabilized amid high steel prices. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.93% on-day or up RMB 11 to RMB 1,197.50/mt on Monday. The steel rebar contract on the …

Continue reading “Daily DCE Review 17/5/21”

Iron Ore DCE Sep Daily Technical Review 17/5/21

Verdict – Short-term neutral. DCE iron ore September contract maintained consolidation in narrow range during the day, with 1214 as upper bound and 1166 as the lower bound. Volume narrowed consecutively during the trading day. Hourly CCI rebounded. Hourly MACD potentially create gold cross. However as the first day after a two day huge correction, …

Continue reading “Iron Ore DCE Sep Daily Technical Review 17/5/21”

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 …

Continue reading “Daily Virtual Steel Mill Report 17/5/21”

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 …

Continue reading “FIS Singapore Iron Ore Derivatives Report 14/05/2021”