Monthly archives: December 2021

Iron Ore DCE May Daily Technical Review 13/12/21

Verdict – Short-term neutral to bullish. DCE iron ore May22 contract created the biggest single day increase over the past four trading days however rejected by major resistance at 676.0 area. Iron ore market potentially test high and break 676.0, price movement expected to accelerate after the breakthrough. Hourly slow stochastic KD approached overbought area. …

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Daily Virtual Steel Mill Report 13/12/21

Market Verdict on Iron Ore： • Neutral to bullish. Macro • S&P 500 have created the biggest single week growth in percentage since February 5th, 2021. Market recovered sentiments and inflation statistic fell in expectation range. • China political conference during weekends revealed positive signals on stablising infrastructure demand, which stimulate the industrial commodities pushing …

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Daily DCE Review 13/12/21

Iron ore futures rebounded from losses last week, amid market optimism over better monetary and fiscal policy pledged by Beijing policymakers. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 5.03% day-on-day or up RMB 32 to RMB 668.50/mt, during the day trading session on Monday. The rebar futures also went …

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