Category archives: Ferrous

Daily Virtual Steel Mill Report 14/3/22

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         As the Chinese domestic financial data in February exceeded expectations, the further monetary ease was expected in the near future. ·         A member of the Russian delegation to the Russia Ukraine negotiations, said that “substantial progress” had been made in the negotiations with Ukraine. …

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Daily DCE Review 11/03/22

Iron ore futures rebounded by the end of weeks, after two trading days session of losses, amid market concerns over weak supply and restocking demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.79% day-on-day or up RMB 30 to RMB 822/mt, during the day trading session on Friday. The rebar …

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Iron Ore DCE May Daily Technical Review 11/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract maintained wide range movement during the day and closed slight high compared to yesterday. Hourly MACD narrowed in bearish area. Hourly candles entered a triangle area. Technical signals are indicating a neutral sentiment in short-run. The first support is 800.0, the first resistance is 838.0