Category archives: Ferrous

Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 25/11/21

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Daily DCE Review 25/11/21

Iron ore futures extended bullish run over higher steel output and prices that drove improvement in steel margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.83% day-on-day or up RMB 11 to RMB 611.50/mt, during the day trading session on Thursday. The rebar futures also increased by 0.86% day-on-day …

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Iron Ore DCE Jan Daily Technical Review 25/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 maintained bullish from last night session however retreated during the Asian day session. Iron ore aggregated open interest also narrowed for the two consecutive trading days. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI retreated to neutral area from a previous bullish territory. …

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Daily Virtual Steel Mill Report 25/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. ·         U.S. FOMC notes revealed a flexible date on the interest rate raise. ·         Indonesia president indicated the country potential stop exporting in the year …

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