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Tag archives: IO
Ferrous trade weekly review 11/6/21
A total of 1.03 million mt of iron ores was traded for the week ended Jun 11, amid a volatile market with declining steel margins. However, benchmark iron ore prices soon found some supports from the supply tightness of port inventory and extended output curbs in Tangshan. During the week, the trades volume of PBF …
Daily DCE Review 11/6/21
Iron ore futures closed the week on high note, due to supply tightness and another round output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped to a three-week high and went up by 5.90% on-day or RMB 69.50 to RMB 1,247/mt on Friday. The steel rebar contract on …
Daily Virtual Steel Mill Report 11/6/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. May CPI up 5% y-o-y, created the biggest single month increase during the past 13 years. Because the economy boost stimulate the travel services and second-hand automobile price. The strong data partially due to the soft economic data base in last year …
European Close 10/06/21
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London Iron Ore Market Report 10/06/21
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FIS Singapore Iron Ore Derivatives Report 10/06/21
Market Commentary Iron ore futures advanced on optimism that China’s steel output will stay elevated for the rest of the year. China’s steel demand is expected to ease off as the nation enters its rainy season. The latest rebar inventory data seemed to confirm that demand in China is slowing down. Rebar production was down …
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Oil and Ore Intraday Morning Technical 10/06/21
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Daily DCE Review 10/6/21
Iron ore futures booked a slight gain after a volatile market session, amid market sentiment of lower steel demand during rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.68% on-day or up RMB 8 to RMB 1,178/mt on Thursday. The steel rebar contract on the Shanghai Futures …
Iron Ore DCE Sep Daily Technical Review 10/6/21
Verdict – Short-term neutral. DCE iron ore September contract resisted by 1191.5-1197.0 area again, which was also predicted from yesterday. Thus price movement was rejected by major resistance and went back to consolidation in narrower range. Hourly MACD narrowed. Hourly slow stochastic KD deepened the correction after created a dead cross. Hourly CCI tested low …
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