Tag archives: IO

Daily Virtual Steel Mill Report 8/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China Monetary Department official Sun Guofei said monetary supply was sufficient in the following months. There should be small chances to experience liquidity risk in the market. ·         U.K. Central Committee(MPC) Sanders indicated U.K. central bank potential to increase interest rate in next year. …

Continue reading “Daily Virtual Steel Mill Report 8/9/21”

FIS Singapore Iron Ore Derivatives Report 07/09/21

Market Commentary Iron ore rebounded on Tuesday on concerns that the world’s top producers may miss annual export guidance, while there are also market talks of increased usage of higher-grade fines. Supply guidance from major iron ore producers may be under threat due to coronavirus restrictions. UBS Group forecast Vale SA and Rio Tinto Group may miss …

Continue reading “FIS Singapore Iron Ore Derivatives Report 07/09/21”

Daily DCE Review 7/9/21

Iron ore futures rallied on Tuesday, after market talks of using less coke in the blast furnace mix which might increase the usage of high grade fines. The futures of Dalian Commodity Exchange (DCE) then jumped by 1.06% day-on-day or RMB 8 to RMB 763/mt, during the day trading session on Tuesday. The rebar futures …

Continue reading “Daily DCE Review 7/9/21”