Category archives: News

Daily DCE Review 09/03/22

Iron ore futures dipped at the closing trading session, as market sentiment on iron demand remained poor due to lower steel margins. The futures of Dalian Commodity Exchange (DCE) for May delivery fell by 3.85% day-on-day or down RMB 32.50 to RMB 812.50/mt, during the day trading session on Wednesday. The rebar futures also dropped …

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Iron Ore DCE May Daily Technical Review 9/3/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract didn’t move significantly as expected yesterday. DCE iron ore expected to enter a small phase of correction observed by candles. Hourly slow stochastic KD gradually declined. Hourly CCI entered bearish territory. Hourly MACD deepened correction below 0 axis. Technical signals were indicating the correction …

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