Monthly archives: December 2021

Daily DCE Review 6/12/21

Iron ore futures inched down at the start of the week, due to bearish market sentiment over slowing demand and new covid variant threats that affected market confidence. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped slightly by 0.42% day-on-day or down RMB 2.50 to RMB 591.50/mt, during the day trading …

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Iron Ore DCE May Daily Technical Review 06/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract consolidate during the day. Iron ore tested low and high during previous two trading days from 591.0- 631.0 area. The roof area was created in mid-run as 626.5- 644.0 – 631.0. However the lower support also went higher from mid-run perspective, which finally give the short-run …

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Daily Virtual Steel Mill Report 6/12/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Li Keqiang indicated in the conference last Friday that China potentially leverage interest rate decrease policy in different markets to facilitate the healthy environment of investment and liquidity for mid-small enterprises. ·         China Evergrande Group officially announced the inability to  perform its guaranteed liability. …

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