Tag archives: IO

Iron Ore DCE Jan Daily Technical Review 22/9/21

Verdict – Short-term bullish. DCE iron ore January contract ended the consecutive losses over the previous eight trading days and created a 10% increase from the opening of the day. Hourly MACD created gold cross. Hourly slow stochastic KD started to push after created gold cross in oversold area. Hourly CCI rebounded from bearish territory …

Continue reading “Iron Ore DCE Jan Daily Technical Review 22/9/21”

Daily Virtual Steel Mill Report 22/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         OECD predicted that the global economic increase at 5.7% in the year 2021, G20 growth rate at 6.1%, down 0.1% and 0.2% respectively from the last expectation in May. China growth rate at 8.5% in the year 2021, and 5.8% in the year 2022, unchanged from …

Continue reading “Daily Virtual Steel Mill Report 22/9/21”

FIS Singapore Iron Ore Derivatives Report 21/09/21

Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/09/Iron-Ore-Report-21092021-Eng-Chn.pdf   For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002

Daily DCE Review 20/9/21

Dalian Commodity Exchange (DCE) is closed for public holidays in China, before reopening in Sep 22. The long break could not hide the growing bearish market sentiment as iron ore prices slid toward the $100/mt mark, after a series of price corrections for last 4-5 weeks. More corrections might follow after the holidays as China’s …

Continue reading “Daily DCE Review 20/9/21”

Ferrous trade weekly review 17/9/21

A total of 680,000 mt of iron ores was traded for the week ended Sep 17, down 19.05% on-week, amid price correction phrase for iron ore. Restocking of iron ore failed to pick up for the week, which typically will see more iron ore procurement ahead of the Golden week in early October. During the …

Continue reading “Ferrous trade weekly review 17/9/21”

Daily DCE Review 17/9/21

Iron ore futures extended losses at the day session, despite lower steel stocks recorded by Chinese traders. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 6.95% day-on-day or down RMB 47 to RMB 629/mt, during the day trading session on Friday. The rebar future also dropped by 2.25% day-on-day or …

Continue reading “Daily DCE Review 17/9/21”