Category archives: News

Iron Ore DCE Sep Daily Technical Review 28/4/21

Verdict – Short-term neutral. DCE iron ore September contract tested low in night session and rebounded during day session. Hourly slow stochastic KD created dead cross near overbought area and then flattened. Hourly CCI rebounded from -100 area. 1166.0 level has become a significant resistance level during current two days. The major support from 1113.0- …

Continue reading “Iron Ore DCE Sep Daily Technical Review 28/4/21”

Daily Virtual Steel Mill Report 28/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro ·         China national Bureau of Statistics indicated Jan-Mar above scale industry enterprise realised 182.54 million yuan profit, up 1.37 times y-o-y, up 50.2% compared with same period in the year 2019. ·         Several cities in eastern China started the fifth round of price increase on …

Continue reading “Daily Virtual Steel Mill Report 28/4/21”