Tag archives: IO

Singapore Iron Ore Report 07/05/2021

Market Commentary Iron ore futures soared to new heights on Friday following robust Chinese demand, while the worsening of bilateral relations between China and Australia continue to spook sentiment. According to a Mysteel survey of 184 Chinese mills, total finished steel products grew by 0.7% to 6.49 million mt during the Labour Day holiday period …

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Ferrous trade weekly review 7/5/21

A total of 0.7 million mt of iron ores was traded for the week ended May 7, during the short working week amid the Labour Day holidays in China. During the week, market activities were muted until the return of Chinese participants later in the week and spurred the steel prices to record-high. So far, …

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Daily DCE Review 7/5/21

Iron ore futures continued to rise for the second consecutive day after the long holidays as trade participants remained bullish on steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rallied up by 6.37% day-on-day or up RMB 73.50 to RMB 1,226.50/mt on Friday. The steel rebar …

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Iron Ore DCE Sep Daily Technical Review 7/5/21

Verdict – Short-term neutral to bullish. DCE iron ore September contract refreshed historical high and maintain strong movement. Iron ore futures hourly candles failed to breakthrough intra-day high at 1231.0 level. Hourly CCI retreated to the bound between neutral and bullish area from a two-week-high, which created a bearish divergence with the strong price movement. …

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Daily Virtual Steel Mill Report 7/5/21

Market Verdict on Iron Ore： ·         Iron ore neutral to bullish. Macro ·         Commodity market witnessed a massive growth in May since a concern on Indian pandemic spread caused a new round of chain-effect. In addition, China-Australia tension also contribute to the metals growth. ·         IMF indicated world countries need to be aware of the …

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