Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 2/3/22

Verdict – Short-term bullish. DCE iron ore May22 rebounded as previous expectation over the last two trading days. However hourly MACD flattened. Hourly slow stochastic KD also flattened. Daily MACD potententially create gold cross. Short-run technical signals are indicating a rebound in continuance. The first support is 732.5, the first resistance is 763.5

Daily DCE Review 02/03/22

Iron ore futures continued to rise on better market sentiment on recovering steel demand and Chinese economic activities. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 4.64% day-on-day or up RMB 33.50 to RMB 755/mt, during the day trading session on Wednesday. The rebar futures also rose by 1.76% or …

Continue reading “Daily DCE Review 02/03/22”

Steel & Scrap Close 01/03/22

Please click below to view the report       For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004