Tag archives: IO

Oil and Ore Intraday Morning Technical 13/09/21

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Daily DCE Review 13/9/21

Iron ore futures opened high at the opening, but only to slump into a downward trajectory on bearish market outlook. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.49% day-on-day or down RMB 25.50 to RMB 706/mt, during the day trading session on Monday. The rebar future moved flatly and …

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Iron Ore DCE Jan Daily Technical Review 13/9/21

Verdict – Short-term neutral. DCE iron ore January contract created a listed low during the day, however recover some of losses by the last hour. Hourly MACD flattened in bearish territory. Hourly CCI rebound from a 9-month low. The previous support level 717.5 has become a major resistance level. However the mid-run bearish has yet …

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FIS Singapore Iron Ore Derivatives Report 10/09/2021

Market Commentary Iron ore remained below $130 on expectations of increased supplies as well as worsening demand outlook as China’s emission targets are likely to drive further output curbs for the rest of the year. Iron ore futures did rebound to around $131 in Asia morning as inventory data points to better steel consumption. Mills’ …

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Ferrous trade weekly review 10/9/21

A total of 840,000 mt of iron ores was traded for the week ended Sep 10, amid a series of price correction due to low steel demand. Iron ore prices continued its corrections phrase, despite being at the traditional peak construction season. However, iron ore demand failed to gain tractions due to the extending steel …

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Daily DCE Review 10/9/21

Iron ore futures opened high at the starting session, but the upward momentum then reversed into losses at the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.27% day-on-day or down RMB 2 to RMB 732.50/mt, during the morning trading session on Friday. The rebar future however, rose …

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