Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 23/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract tested low and recovered loss, as expected in previous two trading days, iron ore currently consolidate and neutral. The previous major support area fell into 670- 676, which support iron ore three times from December 16th. Iron ore potentially return to bullish if a breakthrough on …

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Daily Virtual Steel Mill Report 23/12/21

Market Verdict on Iron Ore： • Neutral. Macro • World bank predicted China real GDP growth rate reach 8.0% in the year 2021 and 5.1% in the year 2022. • Clarkson statistic indicated that global fleet trades reached 45.07 million CGT, up 138% y-o-y, refreshed a 8-year record. Iron Ore Key Indicators: • Platts62 $122.60, …

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Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 23/12/21

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Daily DCE Review 23/12/21

Iron ore futures continued to decline as steel demand slowed with market concerns over more output curbs toward the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.65% day-on-day or down RMB 4.50 to RMB 692.50/mt, during the day trading session on Thursday. The rebar futures, however, went …

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