Monthly archives: January 2022

Daily DCE Review 7/1/22

Iron ore futures gained further on lower steel stocks, though there was some recovery from previous lows, being backed by higher production. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 1.41% day-on-day or up RMB 10 to RMB 719/mt, during the day trading session on Friday. The rebar futures …

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Morning Oil Report 07/01/22

At 10:26 am Singapore time (0226 GMT), the ICE March Brent futures contract was up 54 cents/b (0.66%) from the previous close at $82.53/b, while the NYMEX February light sweet crude contract rose 53 cents/b (0.67%) at $79.99/b.   Western Canada has been in the middle of a deep freeze for the last two weeks, …

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Iron Ore DCE May Daily Technical Review 7/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract slowed and slight corrected during the day. As expected previously, iron ore tested and created high in mid-December, however lost the area during the first 10 minutes after market opened. The previous five-day trading volume was significantly low compared to any week of December. Hourly CCI …

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Daily Virtual Steel Mill Report 7/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China Caixin December PMI 53.1, est. 51.7. Last 52.1. • China central bank PBOC: China financial system was generally stable. The lending rate for enterprises was below 5% in average, creating the new low historically. The Minister of Finance said the department will devoting in decrease …

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