Category archives: Ferrous

Daily DCE Review 3/12/21

Iron ore futures plunged further on higher port inventory, despite some improvement in daily consumption of imported iron ores. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 3.08% day-on-day or down RMB 19 to RMB 597/mt, during the day trading session on Friday. The rebar futures however, hiked up by …

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Iron Ore and Oil Intraday Morning Technical 02/12/21

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Daily DCE Review 02/12/21

Iron ore futures dipped after three consecutive days of gains, despite a rally in morning session as market participants were concerned over slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 3.45% day-on-day or down RMB 21.50 to RMB 601/mt, during the day trading session on Thursday. The …

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Iron Ore DCE May Daily Technical Review 02/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract created a 25.78% growth counted from the low of Nov 19th to the high of Dec 2nd. However iron ore dumped during the last hour with expanding volume compared to previous afternoon session. A recovery on 644.0 would only bring iron ore to a slow growth …

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Daily Virtual Steel Mill Report 2/12/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. ·         Fed Beige Book: in October and early November, economic activity in most fed …

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