Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 12/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …

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Daily Virtual Steel Mill Report 12/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         The European Commission raised its inflation outlook for the euro area this year and next year, which is expected to be 2.4% and 2.2% respectively, but it is expected that inflation in the euro area will slow significantly to 1.4% in 2023, lower than the 2% …

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Daily DCE Review 12/11/21

Iron ore futures closed lower at the day session, despite the recent rebound seen yesterday, following the bearish market sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then slid by 1.62% day-on-day or down RMB 9 to RMB 546.50/mt, during the day trading session on Friday. The rebar futures also fell by …

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