Iron ore futures inched down after a choppy session as trade participants became more cautious over slowing steel production. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped slightly by 0.19% day-on-day or down RMB 1.50 to RMB 769.50/mt, during the day trading session on Tuesday. The rebar futures also went down …
Tag archives: IO62
Weekly Virtual Steel Margin Report 12/10/2021
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
Daily DCE Review 11/10/21
Iron ore futures rallied on increased steel production and restocking activities, amid market concerns over power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 6.48% day-on-day or up RMB 48.50 to RMB 797.50/mt, during the day trading session on Monday. The rebar futures also inched up …
Iron Ore DCE Jan Daily Technical Review 11/10/21
Verdict – Short-term bullish. DCE iron ore January contract maintained bullish during the day. Daily 5 day moving average, 10 day moving average and 20 day moving average have created two sets of gold cross, which reversed the previous bearish market to a rebound market. Hourly slow stochastic KD entered bullish territory. Hourly CCI entered …
Continue reading “Iron Ore DCE Jan Daily Technical Review 11/10/21”
Daily Virtual Steel Mill Report 8/10/21
Market Verdict on Iron Ore： · Bullish. Macro · U.S. increased 194,000 jobs in September, which was significantly below expectation around 500,000 jobs increase, previous number was increase by 235,000 jobs. · China PM Li Keqiang held conference to ensure the winter and early spring supply and coal and electricity. The conference widened the floating …
Daily DCE Review 8/10/21
Iron ore futures rallied as Chinese trade participants returned from holidays, despite market uncertainty on steel output curbs and power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 4.88% day-on-day or up RMB 35.50 to RMB 762.50/mt, during the day trading session on Friday. The rebar …
Ferrous trade weekly review 1/10/21
A total of 590,000 mt of iron ores was traded for the week ended Oct 1, down 2.67% on-week, due to short week as Chinese trade participants celebrated their week-long holidays. Restocking activities slowed down as the holidays approached in early October, while the power crunch and ongoing steel output cuts affected iron ore demand. …
Daily DCE Review 1/10/21
The futures of Dalian Commodity Exchange (DCE) closed for the week-long Golden week holidays, though market participants held mixed view over the iron ore demand. Part of the market bearish sentiment was linked to poor economic data from China, as the country’s manufacturing PMI ratings fell to contractionary levels. In meantime, the China’s recent power …
Daily DCE Review 30/9/21
Iron ore futures opened high at the morning session, before experiencing more easing at the afternoon session but managed to book gains at the close, ahead of the Golden Week holidays. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 5.41% day-on-day or up RMB 37 to RMB 721.50/mt, during the …
Daily DCE Review 29/9/21
Iron ore futures rebounded on the day session, despite market concerns over reduced raw material demand from the ongoing power rationing in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 2.13% day-on-day or up RMB 14.50 to RMB 694/mt, during the day trading session on Wednesday. The rebar future …