Category archives: Ferrous

Daily DCE Review 28/12/21

Iron ore futures dipped in the morning session, due to market concerns over falling steel output that affected sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.37% day-on-day or down RMB 23.50 to RMB 673.50/mt, during the day trading session on Tuesday. The rebar futures also went down by …

Continue reading “Daily DCE Review 28/12/21”

Iron Ore DCE May Daily Technical Review 27/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract correct massively after creating the high since Oct 14th, indicating a divergence from current area. The upsending trend was almost broken after market went back to 684.0 area, however yet to confirm a breakdown on 672.0 – 676.0 area. Hourly slow stochastic KD created …

Continue reading “Iron Ore DCE May Daily Technical Review 27/12/21”

Daily Virtual Steel Mill Report 24/12/21

Market Verdict on Iron Ore： • Neutral. Macro • The China Ministry of Ecological Environment squashed the rumors that enterprises shut down in a large area during the Beijing Winter Olympic Games. Iron Ore Key Indicators: • Platts62 $123.75, +1.15, MTD $110.47. Seaborne mainstream iron ore trades were weak as market was rather positive on …

Continue reading “Daily Virtual Steel Mill Report 24/12/21”

Daily DCE Review 24/12/21

Iron ore futures rose further on falling steel stocks and market expectation of better restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 3.93% day-on-day or up RMB 27 to RMB 713.50/mt, during the day trading session on Friday. The rebar futures also …

Continue reading “Daily DCE Review 24/12/21”