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. …
London Iron Ore Market Report 11/05/21
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FIS Weekly Virtual Steel Margin Report 11/05/21
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London Iron Ore Market Report 10/05/21
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
Singapore Iron Ore Report 10/05/2021
Market Commentary Iron ore futures surged more than 10% on Monday amid robust Chinese demand as well as optimism over global economic recovery, while the bilateral tensions between Australia and China also helped fired up the steelmaking ingredient. According to the China Iron & Steel Association (CISA), Chinese mills’ daily crude steel production went up …
Daily DCE Review 10/5/21
Iron ore futures went up the roofer at the start of morning trading session to extend the post-holidays rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rallied up to the daily limit by 10% day-on-day or up RMB 120.50 to RMB 1,326.50/mt on Monday. The steel rebar …
Iron Ore DCE Sep Daily Technical Review 10/5/21
Verdict – Short-term bullish. DCE iron ore September contract reached limit-up at 1326.0. Most of trades from last week were done by previous buyers taking gains and new buyers entering market. Thus open interest fell by 13.8% from mid-April. Hourly MACD flattened. Slow stochastic widened. SHFE HRC and Rebar have significant bids working on limit-up …
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Daily Virtual Steel Mill Report 10/5/21
Market Verdict on Iron Ore： · Iron ore short-run neutral to bullish, be aware of taking gains. Macro · U.S. non-agricultural employment reached 266,000, much lower than expectation at 978,000. U.S. index DXY dropped to the lowest since February 25th. Inflation-linked assets were bought massively cross weekends. Iron Ore Key Indicators: · Iron ore and …