Tag archives: IO

Daily Virtual Steel Mill Report 10/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         On June 9, the National Development of Reform Commission held a forum, proposing to closely track the trend of commodity prices, including price forecasting and early warning, further understanding the operation of relevant market entities, figure out the clues of illegal price increases, …

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FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

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Daily DCE Review 9/6/21

Iron ore futures rebounded from previous trading day losses, amid a volatile market with narrowing steel margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.98% on-day or up RMB 45 to RMB 1,175/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also jumped up by 1.31% …

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Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …

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Daily Virtual Steel Mill Report 9/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China May CPI 1.3%, est. 1.6%, last 0.9%. China May PPI up 9%, est. 8.3%, last 6.8%. ·         World Bank published Global Economic Outlook, adjusted the year 2021 economy growth rate from 4% to 5.6%. China economy growth rate in 2021 from 7.9% …

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