Tag archives: IO

Iron Ore DCE Sep Daily Technical Review 21/7/21

Verdict – Short-term bearish. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1152.0, the first resistance …

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Daily Virtual Steel Mill Report 21/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         The Asian Development Bank predicts that China’s economic growth is expected to remain at 8.1% this year and 5.5% in 2022. However, the overall growth expectations of Asian developing economies have been lowered. ·         The National Development and Reform Commission held …

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FIS Singapore Iron Ore Derivatives Report 20/07/21

Market Commentary Iron ore futures advanced on Tuesday despite of concerns over faltering Chinese demand as the world’s biggest miners signalled a complex supply outlook. Brazil’s Vale, the world’s second largest iron ore producer, churned out 75.7 million metric tonnes in the second quarter, falling short of analyst’s average estimate of 78 million metric tonnes. …

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FIS Singapore Iron Ore Derivatives Report 19/07/21

Market Commentary Iron ore futures were under pressure on Monday as China’s green push casts doubt on China’s steel demand outlook. China’s efforts to curb steel-related emissions through output cuts this year have so far failed to clamp down on surging iron ore prices, but the Chinese authorities aren’t giving up yet, signalling that they …

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