Tag archives: SM

FIS Weekly Ferrous: iron ore neutral but risk remains

Ferrous Sector Money-flow: The previous weekly report gave seven weeks of short-run consolidation from the end of May when seeing the open interest peak for DCE market.   However market was strong by the first half of July. Open interest indicated most of the push was due to exit of shorts and re-entry as new …

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FOMO drives China iron ore sentiment

Iron ore futures rallied sharply on the first trading day of the week on market optimism over steel demand as China’s recovery gathered momentum. An upturn in industrial output suggests that the economy expanded in last quarter after cratering in the opening three months due to the coronavirus impact, according to Bloomberg Economics. The robust …

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