Iron ore futures gained slightly in the day trading session, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 0.18% day-on-day or up RMB 1.50 to RMB 818/mt, during the day trading session on Thursday. The …
Tag archives: IO
Iron Ore DCE September Daily Technical Review 19/05/22
Verdict – Short-term neutral to bullish. DCE iron ore September contract tested the support near 780.0, however resisted by 777.0 with expanding volume. 777.0 – 780.0 would still become an important support level in mid-run. Hourly slow stocahstic KD created gold cross above oversold area. Hourly MACD potentially create gold cross. Short-run technical signals …
Continue reading “Iron Ore DCE September Daily Technical Review 19/05/22”
Daily Virtual Steel Mill Report 19/05/22
Market Verdict on Iron Ore： • Neutral. Macro • The U.N. decreased the global economy growth rate at 3.1%, lower than 4% expectation estimated in January. Expected inflation rate at 6.7%, nearly trippled the average inflation level from 2010- 2020, contributed by the massive increase on grains and energy price. • U.K. CPI up …
London Iron Ore Report 18/05/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
European Close 18/05/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Freight and Commodity Podcast 18/05/22
An exciting announcement, technical chat, and looking into freight and base metals markets, all on this week’s podcast. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/63IlRM5CBVAw7yKvJfcbhz?si=JxWGhJmQQMqeqYXFFrtOvw iTunes – https://podcasts.apple.com/gb/podcast/episode-98-18-05-22/id1507094242?i=1000562212548
Singapore Iron Ore Derivatives Report 18/05/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Iron Ore Offshore June 22 Morning Technical Comment – 240 Min Chart 18/05/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily DCE Review 18/05/22
Iron ore futures gave up gains and plunged in today day session, amid bearish market sentiment and thin steel margins. The futures of Dalian Commodity Exchange (DCE) then dropped by 5.27% day-on-day or down RMB 44 to RMB 791/mt, during the day trading session on Tuesday. The rebar futures also fell by 2.87% or down …
Iron Ore DCE September Daily Technical Review 18/05/22
Verdict – Short-term bearish. DCE iron ore September contract broke down the import support at 800.0 area with growing volume compared with yesterday. Hourly CCI went into bearish territory. Hourly slow stochastic KD deepened correction. Hourly MACD created dead cross above 0 axis. Iron ore short-run entered a correction phase to test the support …
Continue reading “Iron Ore DCE September Daily Technical Review 18/05/22”