Category archives: Ferrous

Daily DCE Review 9/3/21

Iron ore futures plunged at the close, after a new round of output curb implemented in Tangshan to comply with stricter environmental regulations. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then nosedived by 9.95% day-on-day or down RMB 114 to RMB 1,031.50/mt on Tuesday. The steel rebar contract on the …

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Daily DCE Review 8/3/21

Iron ore futures opened high on the morning session, only to flatten later at the afternoon session as steel prices dropped. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then moved up slightly by 0.26% day-on-day or RMB 3 to RMB 1,143.50/mt on Monday. The steel rebar contract on the Shanghai …

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Iron Ore DCE May Daily Technical Review 8/3/21

Verdict – Short-term neutral. DCE iron ore may contract tested high during the last minute of Friday night session and correct during Asian morning. Iron ore saw strong resistance between 1168- 1185 area. Hourly MACD flattened below 0 axis. Hourly CCI started to correct slowly. Major range bound in between 1112.5- 1180.0 most of time …

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Ferrous Daily Physical Review 8/3/21

Ferrous Market –    Steelbank construction steels inventory 10.25 million tonnes, up 4.51% w-o-w. HRC inventories 3.27 million tonnes, up 3.38% w-o-w. –    MySteel: January and February China export 10.14 million tonnes of steels, up 29.9% y-o-y. China import 2.395 million tonnes of steel, up 17.4% y-o-y. –    China custom statistic indicated January and February iron …

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