Iron ore futures dipped at the start of the week, after a sluggish trading session with flat steel prices movement and expectation of more production curbs. The futures of Dalian Commodity Exchange (DCE) for September delivery then went down by 1.49% day-on-day or RMB 18.50 to RMB 1,225/mt during the day trading session on Monday. …
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Iron Ore DCE Sep Daily Technical Review 19/7/21
Verdict – Short-term neutral. DCE iron ore September tested low at important support area around 1209.0 and bounced back. Hourly slow stochastic KD potential to create gold cross. Hourly MACD potential to flatten below 0 axis. CCI created a rebound from bearish area. Technical signals were indicating neutral. The first support is 1209.0, the first …
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Daily Virtual Steel Mill Report 19/7/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The Ministry of industry and information technology will cooperate with relevant departments to ensure the supply and price stability of bulk commodities, coordinate to deal with the risk of market price fluctuation, and resolutely crack down on hoarding, malicious speculation, and bid up …
European Close 16/07/21
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London Iron Ore Market Report 16/07/21
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FIS Singapore Iron Ore Derivatives Report 16/07/21
Market Commentary Iron ore futures advanced on Friday after Rio Tinto warned that iron ore supply had struggled to keep pace with consumption. The Australian miner flagged its iron ore shipments this year are likely to be at the low end of its forecast as the world’s top producer and rivals struggle to meet the …
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Oil and Ore Intraday Morning Technical16/07/21
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Ferrous trade weekly review 16/7/21
A total of 1.16 million mt of iron ores was traded for the week ended Jul 16, after steel output cut was relaxed from early July, which led to more steel consumption and demand. However, many trade participants saw the relaxation as temporary and expected further production cuts in H2 2021 in effort to cut …
Daily DCE Review 16/7/21
Iron ore futures rose on Friday trading session, as steel consumption increased, and market participants anticipated more stimulus measures during H2 2021. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.89% day-on-day or RMB 23 to RMB 1,241/mt during the day trading session on Friday. The rebar futures also …
Daily Virtual Steel Mill Report 16/7/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China Q2 GDP grew by 7.9% year on year and 18.3% in Q1. In the first half of the year, the GDP was 53216.7 billion yuan, a year-on-year increase of 12.7%, 5.6% lower than that in the first quarter. · In June, the …