Category archives: News

Iron Ore DCE January24 Daily Technical Review 26/09/23

Verdict- Neutral to Bearish. DCE Jan24 contract corrected as expected, however the market technical was indicating an exhaustion. Hourly slow stochastic KD created a gold cross in oversold area. Hourly MACD narrowed in bearish territory. If price level holds up 835.0, iron ore potentially win some consolidation time instead of heading south immediately. First support …

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Iron Ore Hits 2-week Low On Weak Demand, Possible Steel Output Curbs

BEIJING, Sept 25 (Reuters) – Iron ore futures fell on Monday, as traders were worried about weaker-than-expected steel consumption in the peak construction season and possible steel output curbs during winter in top consumer China, and as pre-holiday restocking came to an end. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.03% …

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Daily Virtual Steel Mill Report 26/09/23

Verdict: • Short-run Neutral to Bearish.   Macro: • ECB president Christian Lagarde indicated that the pre-historic high deposit rate could resist inflation to 2%, interest hike is still an option in rest of 2023. • Evergrande Real Estate failed to settle principal and interest payments with the bond code”20 Hengda 04”, which should be …

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