Category archives: Ferrous

Ferrous trade weekly review 19/11/21

A total of 730,000 mt of iron ores was traded for the week ended Nov 19, as trades slowed down during the off-peak winter season. The near break even or negative margins were blamed for the low intake of iron ores, as some mills chose to reduce output voluntarily or go for maintenance period during …

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Iron Ore DCE Jan Daily Technical Review 19/11/21

Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …

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Daily Virtual Steel Mill Report 19/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         IMF indicated that supply chain disrupt potentially extend the expectation of inflation in some places of the world. ·         Major economies government revealed that they are currently researching on release crude oil. Previously U.S. indicated to coordinate to cool down global energy prices. Iron …

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Daily DCE Review 19/11/21

Iron ore futures rebounded from losses, as market were pushing for high levels despite negative steel margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.49% day-on-day or up RMB 13 to RMB 536/mt, during the day trading session on Friday. The rebar futures also inched up by 2.15% day-on-day …

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Iron Ore DCE Jan Daily Technical Review 18/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 started to consolidate weakly after refreshed listed low during today. Major previous support become resistance at 531.0 level after breakdown. Hourly slow stochastic KD retreated to bearish territory. Hourly MACD deepened below 0 axis. Short-run signals were indicating a neutral sentiment in this market. The first support …

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Daily Virtual Steel Mill Report 18/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         Reuters: Biden government seek the top oil producing countries to release some crude oil reserves to help decrease oil price and stimulate economy booming. Iron Ore Key Indicators: ·          Platts62 $89.95, -0.45, MTD $93.45. Iron ore seaborne market gradually return stable during the week, as several …

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