Tag archives: IO

Ferrous trade weekly review 24/9/21

A total of 750,000 mt of iron ores was traded for the week ended Sep 24, up 10.3% on-week, amid better restocking activities. Restocking of iron ore stepped up pace as Chinese trade participants returned from public holidays, while they started to replenish stocks to prepare for another week-long holiday period in early October. During …

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Daily DCE Review 24/9/21

Iron ore futures continued to book gains on increased restocking activities, ahead of coming long holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.47% day-on-day or up RMB 16.50 to RMB 684.50/mt, during the day trading session on Friday. The rebar future also dropped by 2.83% day-on-day …

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Iron Ore DCE Jan Daily Technical Review 24/9/21

Verdict – Short-term neutral. DCE iron ore January contract slight rebound but in general neutral, as expected yesterday. Hourly slow stochastic KD was brewing a breakthrough on the lower bound of overbought territory. Hourly CCI was testing the support on the lower bound of bullish territory. However from daily chart, MACD created gold cross. Daily …

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Daily Virtual Steel Mill Report 24/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. Markit Manufacturing PMI September  60.5, last 61.1. ·         Concrete on housing utilization rate slumped compared to the year 2020 in China, since several default on housing companies. The 500 sample concrete companies utilization rate at 19.39%, down 6.39% y-o-y. Iron Ore Key Indicators: ·         Platts …

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FIS Singapore Iron Ore Derivatives Report 23/09/21

Market Commentary Iron ore futures retreated on Thursday after a robust rally on Wednesday as traders are optimistic of a pickup in autumn demand in China. Rebar inventories fell for a seventh week. According to the latest data by Mysteel, total rebar inventories currently stood at 9.83 million tonnes, down 5.2% from a week ago. …

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