Monthly archives: December 2021

Daily DCE Review 21/12/21

Iron ore futures slipped up after yesterday rebound amid market volatility, after restocking demand cooled down. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.43% day-on-day or down RMB 3 to RMB 693.50/mt, during the day trading session on Wednesday. The rebar futures, however, went down by 0.94% day-on-day or …

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Daily Virtual Steel Mill Report 22/12/21

Market Verdict on Iron Ore： • Neutral. Macro • U.S. President Biden and Democratic Senator Manchin will make a progress on tax and spending plans to advance the economic agenda. The three major US stock index collectively closed higher, with the NASDAQ up 2.4%, the S & P 500 index up 1.78% and the Dow …

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Iron Ore DCE May Daily Technical Review 22/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract pushed high in night session however gave back all gains in the following day session, indicating a potential divergence on the market sentiments. Slow stochastic KD created dead cross near overbought boundary. Hourly CCI fell fast from bullish territory to bearish territory and created a bearish …

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