Category archives: Ferrous

Iron Ore DCE Jan Daily Technical Review 11/10/21

Verdict – Short-term bullish. DCE iron ore January contract maintained bullish during the day. Daily 5 day moving average, 10 day moving average and 20 day moving average have created two sets of gold cross, which reversed the previous bearish market to a rebound market. Hourly slow stochastic KD entered bullish territory. Hourly CCI entered …

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Daily Virtual Steel Mill Report 8/10/21

Market Verdict on Iron Ore： ·         Bullish. Macro ·         U.S. increased 194,000 jobs in September, which was significantly below expectation around 500,000 jobs increase, previous number was increase by 235,000 jobs. ·         China PM Li Keqiang held conference to ensure the winter and early spring supply and coal and electricity. The conference widened the floating …

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Daily DCE Review 8/10/21

Iron ore futures rallied as Chinese trade participants returned from holidays, despite market uncertainty on steel output curbs and power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 4.88% day-on-day or up RMB 35.50 to RMB 762.50/mt, during the day trading session on Friday. The rebar …

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