Tag archives: IO

Daily Virtual Steel Mill Report 11/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         China Evergrande paid interests to bondholders of debts expiring in the year 2022, 2023 and 2024 totaled 148 million U.S. dollars. ·         U.S. president Biden indicated control inflation was the most important thing, energy cost increase caused price increase. Biden also required Federal Trade …

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Daily DCE Review 10/11/21

Iron ore futures closed lower at the day session, despite some rally in mid-session but failed to recover lost ground. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 4.62% day-on-day or down RMB 26 to RMB 536.50/mt, during the day trading session on Wednesday. The rebar futures followed the dip …

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Iron Ore DCE Jan Daily Technical Review 10/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 refreshed listed low, however recovered half of losses during Asian afternoon following the rebound of equity market. Hourly MACD narrowed below 0 axis. Hourly slow stochastic KD created gold cross near the boundary of oversold area. Hourly CCI left bearish territory fast. Short-run technical were indicating a …

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Daily Virtual Steel Mill Report 10/11/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China October CPI up 1.5% y-o-y, est. 1.3%, last 0.7%. China October PPI 13.5% y-o-y, est. 12%, last 107% y-o-y. U.S. PPI up 8.6% y-o-y, a ten-year-high. ·         U.S. ADP statistics indicated jobs increased 571,000 in October, est. 400,000, which created the highest since …

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Daily DCE Review 9/11/21

Iron ore futures dipped at the close, despite a strong comeback from morning session slump, amid bearish market sentiments over low steel demand and margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.97% day-on-day or down RMB 5.50 to RMB 561/mt, during the day trading session on Tuesday. …

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Daily DCE Review 8/11/21

Iron ore futures booked slight gain after low opening, as trade participants were concerned over weak winter steel demand and declining exports volumes from China. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 1.42% day-on-day or up RMB 8 to RMB 570.50/mt, during the day trading session on Monday. …

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