Category archives: Ferrous

Daily DCE Review 9/9/21

Iron ore futures dipped into losses on Thursday, despite opening high at the start of the afternoon session. The futures of Dalian Commodity Exchange (DCE) then fell by 2.73% day-on-day or RMB 20.50 to RMB 730/mt, during the day trading session on Thursday. The rebar futures, however, rose by 4.47% day-on-day or RMB 243 to …

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

Verdict – Short-term neutral. DCE iron ore January contract correct slightly. As predicted yesterday, iron ore volatile range became narrower. Luckily the support on 717.5-719.5 was strong , which successfully witnessed a V-Shape reversal twice over the previous four trading days. Stochastic indicators were all flat in hourly level. Unless a breakdown on 717.5 -719.5 …

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Daily Virtual Steel Mill Report 9/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China National Development of Reform Comission: the H2 specialized local debts were issued significantly higher than previous year to stabilize the investment in infrastructure. The debts were proposed to issue earlier than expected. ·         New York Federal chairman Williams expected the year 2022 U.S. inflation rate …

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