Category archives: News

Iron Ore DCE January24 Daily Technical Review 28/09/23

Verdict- Neutral. DCE Jan24 contract rebounded slightly with a narrowed trading volume as the China golden weeks looming. Both resistance and support level moved up a bit to 858.0 and 835.0 respectively. Hourly MACD widened in bullish territory. The mid-run neutral outlook maintaining unchanged. First support 835.0. First resistance 858.0.  

Daily Virtual Steel Mill Report 28/09/23

Verdict: • Short-run Neutral.   Macro: • China NBS: The industrial profit above designated scale in August reversed negative to positive number, up 17.2% on the year. Jan-Aug total down 11.7% on the year. The drop during Jan-Aug was majorly dragged by the ferrous metallurgical industry, which decreased by 57.1% on the year.   Iron …

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