Category archives: Ferrous

Macro Weekly Analysis Report 21/12/21

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Daily DCE Review 21/12/21

Iron ore futures rebounded from previous losses and firmed up over restocking activities for the upcoming new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.56% day-on-day or up RMB 17.50 to RMB 702/mt, during the day trading session on Tuesday. The rebar futures, however, went down by 1.41% …

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Daily DCE Review 20/12/21

Iron ore futures dipped at the close, despite a promising start at the morning session but only to succumbed to loss at later noon session. The futures of Dalian Commodity Exchange (DCE) for January delivery then slumped by 1.32% day-on-day or down RMB 9 to RMB 673.50/mt, during the day trading session on Monday. The …

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Iron Ore DCE May Daily Technical Review 20/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected following the big correction of Shanghai equities and major industrial commodities. Iron ore was resisted twice over the past two trading days at 696.5- 698.5 area. If iron ore broke the 670.0 – 672.0 area, it potentially deepen correction to 645.0 area and …

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