Category archives: Ferrous

Daily Virtual Steel Mill Report 10/11/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China October CPI up 1.5% y-o-y, est. 1.3%, last 0.7%. China October PPI 13.5% y-o-y, est. 12%, last 107% y-o-y. U.S. PPI up 8.6% y-o-y, a ten-year-high. ·         U.S. ADP statistics indicated jobs increased 571,000 in October, est. 400,000, which created the highest since …

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Daily DCE Review 9/11/21

Iron ore futures dipped at the close, despite a strong comeback from morning session slump, amid bearish market sentiments over low steel demand and margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.97% day-on-day or down RMB 5.50 to RMB 561/mt, during the day trading session on Tuesday. …

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Daily DCE Review 8/11/21

Iron ore futures booked slight gain after low opening, as trade participants were concerned over weak winter steel demand and declining exports volumes from China. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 1.42% day-on-day or up RMB 8 to RMB 570.50/mt, during the day trading session on Monday. …

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Iron Ore DCE Jan Daily Technical Review 5/11/21

Verdict – Short-term neutral. DCE iron ore Jan21 refreshed low again and created two consecutive correction with lower highs and lows. However the support was strong around 552.5- 557.5 area. A breakdown on this area would trigger a big correction. Otherwise iron ore expected to exhaust in the narrow area. Hourly MACD narrowed above 0 …

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