Market Verdict on Iron Ore： · Neutral. Macro · China Ministry of Foreign Affairs spokesperson Hua Chunying announced that China Chairman Xi will hold a internet conference with U.S. president Biden. Market understand as a step forward and ease of the two countries. · 21 China cities published a price floor on houses to avoid …
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Daily DCE Review 15/11/21
Iron ore futures dropped on the day session, following market bearish sentiment on falling steel prices and thin margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.53% day-on-day or down RMB 14 to RMB 539/mt, during the day trading session on Monday. The rebar futures also slipped by 4.54% …
Iron Ore DCE Jan Daily Technical Review 12/11/21
Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …
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Daily Virtual Steel Mill Report 12/11/21
Market Verdict on Iron Ore： · Neutral. Macro · The European Commission raised its inflation outlook for the euro area this year and next year, which is expected to be 2.4% and 2.2% respectively, but it is expected that inflation in the euro area will slow significantly to 1.4% in 2023, lower than the 2% …
London Close Iron Ore Report 12/11/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1-203-979-7023
Singapore Close Iron Ore Report 12/11/21
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Daily DCE Review 12/11/21
Iron ore futures closed lower at the day session, despite the recent rebound seen yesterday, following the bearish market sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then slid by 1.62% day-on-day or down RMB 9 to RMB 546.50/mt, during the day trading session on Friday. The rebar futures also fell by …
Singapore Close Iron Ore Report 11/11/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1-203-979-7023
Daily DCE Review 11/11/21
Iron ore futures rebounded from recent losses, which previously brought the index to a one year low this week, due to the off-peak steel demand season. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.84% day-on-day or up RMB 36.50 to RMB 570.50/mt, during the day trading session on Thursday. …
Iron Ore DCE Jan Daily Technical Review 11/11/21
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 created the biggest single day increase since August 24th, and following with higher highs and higher lows. Daily slow stochastic KD created gold cross in oversold area. Daily CCI entered neutral area from bearish territory. Hourly MACD widened above 0 axis. Hourly CCI entered bullish …
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