Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 22/11/21

Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …

Continue reading “Iron Ore DCE Jan Daily Technical Review 22/11/21”

Daily Virtual Steel Mill Report 22/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. ·         China Vice PM Liu He said in a manufacturing conference that financial …

Continue reading “Daily Virtual Steel Mill Report 22/11/21”

Daily DCE Review 22/11/21

Iron ore futures jumped on better industrial steel consumption and loosening of bank credits for the embattled Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.18% day-on-day or up RMB 32.50 to RMB 558/mt, during the day trading session on Monday. The rebar futures also inched up …

Continue reading “Daily DCE Review 22/11/21”