Tag archives: IO

Daily Virtual Steel Mill Report 13/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run market bearish. Macro ·         China PM Li, Keqiang requested to follow the onshore commodity relation with offshore commodity, to resolve the quick increase of commodity price. Strengthen currency policy and keep economy stable. ·         U.S. CPI April increase 4.2%, created new high since September 2008. Estimation …

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FIS Singapore Iron Ore Derivatives Report 12/05/21

Iron Ore Market Update Market Commentary Iron ore futures surged past $230 in one of its most volatile days to date amid a broadening commodities boom. Industrial commodities and shipping costs are spiking as buyers hurry to secure raw materials with global industries from manufacturing to construction all gearing up again as the pandemic fades. …

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FIS Castaway Podcast – Episode 54 12/05/21

    FIS Castaway Podcast – Episode 54   Iron ore is at record highs, driven by insatiable domestic Chinese demand. So, we have renamed it IronCoin in honour of its meteoric rise from last year. Hear all about it and our usual freight and commodity markets on this week’s podcast.     Listen Below: …

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Daily DCE Review 12/5/21

Iron ore futures continued to rally on Wednesday, though at a smaller increase as seen previously at start of the week. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.85% on-day or RMB 37 to RMB 1,337/mt on May 12. The steel rebar contract on the Shanghai Futures Exchange, also …

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Iron Ore DCE Sep Daily Technical Review 12/5/21

Verdict – Short-term bullish. DCE iron ore September contract continued rebound. Hourly CCI recovered massively from a monthly low of May in current two trading days. Hourly chart indicated the previous gap by the opening of May 10th successfully supported the new round of strong movement. However a short-run increase on price need to confirm …

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Daily Virtual Steel Mill Report 12/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bullish. Macro ·         U.S. dollar index DXY maintained consolidation from 90 – 90.3. ·         United Nations mid-year 2021 report indicated China growth expected to growth rate at 8.2%, higher than previous prediction at 7.2%. U.S. economy growth rate at 6.2%, higher than previous prediction as well. …

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