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
Tag archives: IO62
Iron Ore DCE May Daily Technical Review 29/3/21
Verdict – Short-term neutral. DCE iron ore may contract expected to complete rolling late this week or next week. Iron ore picked up significantly following the strong steel and coals. However hourly CCI flattened. Hourly slow stochastic created dead cross in overbought area. Iron ore potentially test historical new high at 1185.0 if hold up …
Continue reading “Iron Ore DCE May Daily Technical Review 29/3/21”
Daily Virtual Steel Mill Report 29/3/21
Market Verdict on Iron Ore： · Iron ore neutral. Macro Market: · Suez Canal Admission: Ever Given in Suez Canal successfully float, however no more details on the recover date of the Canal. · U.S. president Biden planned to announce a statement related to infrastructure investment and green energy plan. Iron Ore Key Indicators: · …
Ferrous trade weekly review 26/3/21
A total of 0.95 million mt of iron ores was traded for the week ended Mar 26, down 10.80% on-week, as the Tangshan’s output cuts discouraged market from iron ore procurement. Some market participants expected the output restrictions to extend to other regions and thus affected the buying interests for iron ore. During the week, …
Daily DCE Review 26/3/21
Iron ore futures ended the week on positive gains, albeit the previous selloff sessions occurred during the start of the week, due to bearish sentiment on stricter output cuts. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the fourth consecutive trading day by 2.01% day-on-day or up RMB …
Daily DCE Review 25/3/21
Iron ore futures rose higher on higher steel prices and margins, amid market concerns of stricter output curbs being extended to other Chinese provinces. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the third consecutive trading day by 2.74% day-on-day or up RMB 28.50 to RMB 1,067.50/mt on …
Daily DCE Review 24/3/21
Iron ore futures continued to rally higher after early losses occurred at the start of the week over concerns for stricter output curbs. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the second consecutive trading day by 2.78% day-on-day or up RMB 28.50 to RMB 1,053/mt on Wednesday. …
Daily DCE Review 23/3/21
Iron ore futures closed the session higher with a late rally on Tuesday, after rebounding from the selloff from previous day. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 2.01% day-on-day or up RMB 20.50 to RMB 1,039.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures …
Daily DCE Review 22/3/21
Iron ore futures closed lower at the afternoon session, after a sell off session that begun at the start of the trading day. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell by 5.90% day-on-day or down RMB 63 to RMB 1,004.50/mt on Monday. The steel rebar contract on the …
Ferrous trade weekly review 19/3/21
A total of 1.065 million mt of iron ores was traded for the week ended Mar 19, up 19.93% on-week from previous week trade volumes, amid the output curb in Tangshan. Thus, the market participants were spooked by output curb, which affected the buying interests for raw materials. During the week, the PBF accounted the …