Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 13/10/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract hourly chart started a new correction phase from July 11th in short-run. The correction potentially continuous and testing low in the coming trading sessions. Hourly MACD widened below 0 axis. Hourly CCI entered a bearish territory. In short-run a breakdown on 720.0 would potentially …

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Daily Virtual Steel Mill Report 13/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         IMF decreased the global economy growth expectation and sent warning on stagflation. The global economy growth rate in July report decreased from 6% to 5.9% in the year 2021. The growth rate in the year 2022 expected at 4.9%. Iron Ore Key Indicators: ·         Platts62 $128.50, …

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Daily DCE Review 12/10/21

Iron ore futures inched down after a choppy session as trade participants became more cautious over slowing steel production. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped slightly by 0.19% day-on-day or down RMB 1.50 to RMB 769.50/mt, during the day trading session on Tuesday. The rebar futures also went down …

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