Tag archives: IO

Daily Virtual Steel Mill Report 28/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Biden’s budget raise annual spending to $6 trillion, with annual deficits of more than $1.3 trillion over the next decade. Iron Ore Key Indicators: ·         Platts62 $187.65, -4.00, MTD $207.05.PBF premium marked arround yearly high at $8.65, based on July index, which was …

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FIS Singapore Iron Ore Derivatives Report 27/05/21

Market Commentary Iron ore futures extended its rebound to above $180 after the China Iron & Steel Association (CISA) proposed an industry self-review initiative on Wednesday. A total of seven proposals were outlined in the initiative, urging the iron and steel industry to strengthen market order to further promote high quality development of the industry …

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Daily DCE Review 27/5/21

Iron ore futures recovered from the morning session slump to record gains in the afternoon session, amid lower steel prices and margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 1.11% on-day or up RMB 11.50 to RMB 1,046.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE Sep Daily Technical Review 27/5/21

Verdict – Short-term rebound. DCE iron ore September contract recovered most of losses from yesterday and rebounded. Hourly candles returning to previous consolidation platform. Hourly slow stochastic KD created gold cross above oversold area. CCI returned to neutral area from a two-week-low area. Daily slow stochastic KD potentially create gold cross near oversold area. Short-run …

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Daily Virtual Steel Mill Report 27/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run rebound after oversold. Macro ·         China PM Li Keqiang presided over the executive meeting of the State Council on May 26, to support finance for small and enterprises and individual businesses. To support large enterprises to build a platform connecting supply and demand for the industrial …

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