Category archives: Ferrous

Daily DCE Review 28/04/22

Iron ore futures extended bullish run and closed the session on gains, after stabilization of Covid cases in major cities like Shanghai and Beijing suggested some easing of pandemic restrictions. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.53% day-on-day or up RMB 29 to RMB 851.50/mt, during the day trading …

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Iron Ore DCE September Daily Technical Review 27/04/22

Verdict – Short-term neutral.   DCE iron ore September contract inched up during the day, with flat volume compared with yesterday. Iron ore created higher highs and lows, however resisted by import level at 836.0, which was the upper boundary of a previous gap. CCI, slow stochastic KD and MACD in hourly chart all became …

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