Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 31/08/21

Physical Trades Platform GO traded 80,000 mt Newman lump at Platts 62% Oct index +$0.1000/dmtu for Oct 1-10 loading.   Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/08/Iron-Ore-Report-31082021-Eng-Chn.pdf   For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 …

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Daily DCE Review 31/8/21

Iron ore futures reversed into losses, as market confidence took a hit from poor economic indicators in August, and extension of steel output cuts to more Chinese provinces. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 5% day-on-day or down RMB 42.50 to RMB 808/mt, during the day trading session …

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Daily DCE Review 30/8/21

Iron ore futures extended the rally from last week, as market prepared for the peak construction season in upcoming Sep-Oct period. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.66% day-on-day or up RMB 5.50 to RMB 835/mt, during the day trading session on Monday. The rebar futures followed …

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Iron Ore DCE Jan Daily Technical Review 30/8/21

Verdict – Short-term neutral. DCE iron ore January contract completed four Elliot waves from hourly chart. Currently confirming the fifth wave. A breakthrough on 874.0 would start a new round of fifth wave and potentially targeting above 900 level. Otherwise iron ore consolidation. A breakdown on 813.5 would indicate the end of last round of …

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Daily Virtual Steel Mill Report 30/8/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         Sun Hui, deputy director of the Shanghai headquarters of the People’s Bank of China: develop the RMB settlement in crude oil, iron ore, grain, rubber and other bulk commodities, overseas contracted projects and other key fields, as well as start to breakthrough on the new settlements …

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