Category archives: Ferrous

Daily DCE Review 2/8/21

Iron ore futures dipped slightly at the start of the new month, following market bearish sentiments on lower steel demand and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.85% day-on-day or down RMB 9 to RMB 1,054/mt during the day trading session on Monday. The rebar …

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Iron Ore DCE Sep Daily Technical Review 2/8/21

Verdict – Short-term neutral, slow down on correction. DCE iron ore September recover after a huge correction, as expected last Friday. Hourly MACD potentially create a gold cross. Hourly slow stochastic KD potentially rebound from oversold area. Hourly CCI created a multiple bottom areas and rebound to neutral area. Technical signals were indicating an oversold …

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Daily Virtual Steel Mill Report 2/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run oversold, potential to maintain rebound and test high. Macro ·         China political conference required to maintain commodity price stable. China central bank propose to maintain a stable monetary in the second half year of 2021. ·         Jiangsu closed 55 highway exits and entrances because of the …

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FIS Singapore Iron Ore Derivatives Report 30/07/21

Market Commentary Iron ore futures plunged below $180 for the first time since June as China steps up measures to clean up the steel sector, stoking fears among investors that Chinese demand will wane. Authorities had been attempting to cap steel output below last year’s record, but it had proved unsuccessful so far, with production …

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