Category archives: News

Iron Ore DCE January24 Daily Technical Review 02/11/23

Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD flattened in bullish territory. Hourly CCI entered bullish area. The market indicated an exhaustion before closing. However price level maintain strong in mid-run. First support 900.0. First resistance 950.0.  

Daily Virtual Steel Mill Report 02/11/23

Verdict: • Short-run Neutral.   Macro: • The US Federal Reserve president Jereme Powell and policymakers decided to stop interest hike in November, because the tightened financial conditions. • The air quality became poor in northern and mid China in first half of November predicted by Ministry of Ecology and Environment.   Iron Ore Key …

Continue reading “Daily Virtual Steel Mill Report 02/11/23”

Reprint: Iron ore rallies on positive signals from China financial meeting

BEIJING (Reuters) -Iron ore strengthened on Wednesday, as positive signals from top consumer China’s latest financial meeting and sound fundamentals boosted market sentiment.   The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) ended daytime trading 2.51% higher at 919.5 yuan ($125.63) a metric ton, the highest since March 17.   The benchmark …

Continue reading “Reprint: Iron ore rallies on positive signals from China financial meeting”