Category archives: News

Iron Ore DCE May Daily Technical Review 4/1/22

Verdict – Short-term neutral to bullish. DCE iron ore May22 contract rebounded for three consecutive trading days. The trading volume was expanding if compared from session to session(only half trading days on Tuesday and previous Friday). Hourly slow stochastic KD approached the boundary of overbought area. Hourly CCI stayed in the bullish territory. Technical signals …

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Daily DCE Review 4/1/22

Iron ore futures rose on market optimism over positive China’s economic data, though there were some market concerns over the slowing property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 2.23% day-on-day or up RMB 15 to RMB 689/mt, during the day trading session on Tuesday. The rebar …

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Ferrous trade weekly review 31/12/21

A total of 1.375 million mt of iron ores was traded for the week ended Dec 31, as trades picked up with restocking activities for the pre-Lunar New Year period. There was some easing of output restrictions for mills that met the environmental requirement, which led to increase in productions. During the week, the trades …

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