Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 11/1/22

Verdict – Short-term neutral, testing breakthrough level on 725.5. DCE iron ore May22 contract rebounded significantly during the day, the high of the day fell around 725.5, which was a previous high from Oct 13th, 2o21. A test break on 725.5 would determine the short-run direction of the market. However major contract DCE May22 open …

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Daily DCE Review 11/1/22

Iron ore futures rebounded from previous losses on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.77% day-on-day or up RMB 19.50 to RMB 723.50/mt, during the day trading session on Tuesday. The rebar futures, however, went up slightly by …

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