Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 17/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed listed low during the day with increasing volume. The hourly MACD narrowed in bearish territory. Hourly Slow stochastic KD flattened. Hourly CCI potentially leave oversold area to neutral area. Technical signals indicated and exhaustion on the previous short, however the current trend was …

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Daily Virtual Steel Mill Report 17/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         European Central Banks announced that the media misrepresented inflation target and interest rate outlook. According to European Central Bank, Euro zone expected to reach 2% inflation rate target, indicating European central bank potential increase interest rate in the coming two years. ·         China Environment Bureau published …

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Iron Ore DCE Jan Daily Technical Review 16/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

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Daily Virtual Steel Mill Report 16/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United Nations issued the year 2021 World Trade Outlook, indicated China economy developed to counter against recession. The China economy boomed earlier than any other country after the pandemic. The China trade volume increased by 10% compared to last H1. Iron Ore Key …

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Daily DCE Review 16/9/21

Iron ore futures continued to extend losses at the day session, over market concerns over new wave of pandemic spread in southern China that affected steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.94% day-on-day or down RMB 27.50 to RMB 670.50/mt, during the day trading session on …

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