Tag archives: IO

Ferrous trade weekly review 4/6/21

A total of 1.11 million mt of iron ores was traded for the week ended Jun 4, amid softening steel margins due to commodity price control imposed by the Chinese authority. However, benchmark iron ore prices soon found some support after market talks of easing steel output restriction in Tangshan that spurred paper trading and …

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Daily DCE Review 4/6/21

Iron ore futures ended its bullish run at the close of the week, bowing to the pressure of low steel margins and demand concern over the upcoming rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then went down by 1.85% on-day or down RMB 22 to RMB 1,168/mt on Friday. The …

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Iron Ore DCE Sep Daily Technical Review 4/6/21

Verdict – Short-term neutral. DCE iron ore September contract significantly narrowed the volatility during the current two days, after a failure to break periodic high at 1221.5. Hourly CCI was approaching bearish area. Hourly KD explored new room to correct. Hourly MACD widened at bearish territory. Short-run signals indicate potential to test low, however mid-run …

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Daily Virtual Steel Mill Report 4/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Ministry of Commerce: we will continue to ensure the supply and price of commodities, promote diversifying on import commodities, strengthen international cooperation, and build a mutual benefit and stable trade channel for commodities. At the same time, we should strengthen the cooperation between …

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FIS Singapore Iron Ore Derivatives Report 03/06/21

Iron Ore Market Update Market Commentary Iron ore futures surged above $201 on Thursday on robust rebar inventory data while speculation around a possible relaxation of production curbs in Tangshan also aided prices. Rebar inventories were down for a 12th consecutive week. Total rebar inventories stood at10.42 million tonnes, down 3.32% from a week ago. …

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Iron Ore DCE Sep Daily Technical Review 3/6/21

Verdict – Short-term neutral. DCE iron ore September contract created new high since May 20th and then give back half of the gains during the last two hours. Hourly MACD potential to create a dead cross. Hourly slow stochastic KD continuously create dead cross and moved away from overbought area. Houlry CCI also correct to …

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