Category archives: Ferrous

Daily DCE Review 14/12/21

Iron ore futures inched down into losses as market optimism waned over slow steel demand in the physical market. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.61% day-on-day or down RMB 4 to RMB 650.50/mt, during the day trading session on Tuesday. The rebar futures, however, went up …

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Iron Ore DCE May Daily Technical Review 13/12/21

Verdict – Short-term neutral to bullish. DCE iron ore May22 contract created the biggest single day increase over the past four trading days however rejected by major resistance at 676.0 area. Iron ore market potentially test high and break 676.0, price movement expected to accelerate after the breakthrough. Hourly slow stochastic KD approached overbought area. …

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