A total of 1.06 million mt of iron ores was traded for the week ended May 14 and witnessed the iron ore prices to go above the record-high $230/mt level on good Chinese steel demand. Apparently, restocking activities did not slow down after the post-holidays market and the high steel demand and lower inventory continued …
Tag archives: IO
Daily DCE Review 14/5/21
Iron ore futures ended the week on sharp drop on morning session, despite some recovery late in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 7.49% on-day or down RMB 95 to RMB 1,173/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also plunged …
Daily Virtual Steel Mill Report 14/5/21
Market Verdict on Iron Ore： · Iron ore short-run bearish. Macro · U.S. president Biden made a concession on the infrastructure investment on 200 million dollars proposed previously. · U.S. April PPI up 6.2% y-o-y, created the biggest increase from the year 2010, est. 5.8%. · Tangshan Market Regulation Bureau, National Development and Reform …
European Close 13/05/21
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London Iron Ore Market Report 13/05/21
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Iron Ore Offshore 13/05/21
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FIS Singapore Iron Ore Derivatives Report 13/05/21
Iron Ore Market Update Market Commentary Iron ore futures declined sharply on Thursday over mounting inflation concerns as well as fears that China will step up its efforts to control raw material costs. Iron ore has endured one of its most volatile weeks to date, surging to unprecedented $233 on Wednesday amid robust …
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Oil and Ore Intraday Morning Technical 13/05/21
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Iron Ore DCE Sep Daily Technical Review 13/5/21
Verdict – Short-term bearish. DCE iron ore September contract continued correction, with a further correction expectation in next trading day. Hourly stochastic KD slumped after a dead cross in the first hourly of DCE night session yesterday. Hourly CCI however finally flattened after created a year-low level. Hourly candles filled the previous gap created after …
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Daily Virtual Steel Mill Report 13/5/21
Market Verdict on Iron Ore： · Iron ore short-run market bearish. Macro · China PM Li, Keqiang requested to follow the onshore commodity relation with offshore commodity, to resolve the quick increase of commodity price. Strengthen currency policy and keep economy stable. · U.S. CPI April increase 4.2%, created new high since September 2008. Estimation …