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 …
London Iron Ore Market Report 27/08/21
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 (FL): +1 813 490 6630
FIS Singapore Iron Ore Derivatives Report 27/08/2021
Iron Ore Market Update Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/08/Iron-Ore-Report-27082021-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 21 6335 4002
Ferrous trade weekly review 27/8/21
A total of 920,000 mt of iron ores was traded for the week ended Aug 27, down 3.16% week-on-week, despite some price recovery at the end of the week. Iron ore prices had rebounded as some trade participants believed that the pricing had reached near term bottom, while restocking activities had picked up before the …
Daily Virtual Steel Mill Report 27/8/21
Market Verdict on Iron Ore： – Neutral. Macro – The day before chairman Powell’s important speech, hawkish officials of the Federal Reserve urged to start reducing the Treasury Bond purchase plan. They believe that the plan has become ineffective or even harmful. Iron Ore Key Indicators: – Platts62 $153.35, +3.90, MTD $159.72. – MySteel 45 …
London Iron Ore Market Report 26/08/21
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 (FL): +1 813 490 6630
Singapore Iron Ore Derivatives 26/08/21
Iron Ore Market Update Market Commentary Iron ore remained supported following an uptick in restocking. According to trade sources, restocking activities have picked up ahead of the peak steel season in September and October. Meanwhile, China’s push to reach its economic targets also added to the gains. According to a front-page article published …
Daily DCE Review 26/8/21
Iron ore futures rallied further on Thursday, recovering loss ground from recent slump, as the steel market entered traditional peak season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.74% day-on-day or up RMB 6 to RMB 816/mt, during the day trading session on Thursday. The rebar futures however, …