Monthly archives: February 2022

Daily DCE Review 28/02/22

Iron ore futures rebounded from previous week of losses, despite market concern over supply from the Russia-Ukraine conflict. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 2.69% day-on-day or up RMB 18.50 to RMB 705.50/mt, during the day trading session on Monday. The rebar futures also rose by 1.96% to …

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Iron Ore DCE May Daily Technical Review 28/2/22

Verdict – Short-term neutral. DCE iron ore May22 rebounded during the day however still resisted by major resistance around 718.5 area. Iron ore was rejected by this level several times from February 21st. If a breakdown on 655.0 area would bring market back to bearish. Technical was indicating a neutral sentiment. The first support is …

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Daily Virtual Steel Mill Report 28/2/22

Market Verdict on Iron Ore： • Neutral. Macro • The warfare between Russia and Ukraine blocked the transportation on eastern Europe areas and ports in Black Sea. Ships clearance and safety were both in great concerns. Supply on bulk commodities regionally impacted Eastern Europe areas. • China NDRC and Market Supervision Bureau started joint research …

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