Category archives: Ferrous

Iron Ore DCE Sep Daily Technical Review 23/6/21

Verdict – Short-term neutral. DCE iron ore September contract rebounded and corrected after reaching the previous neckline area around 1176.0- 1181.5. A breakthrough on this level would potentially lead a next movement to test last high at 1253.5. A rejection on this level potentially drive iron ore back to consolidation. From hourly chart MACD expanded. …

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Daily Virtual Steel Mill Report 23/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal Powell said the U.S. inflation exceeded the previous expectation, however Federal doesn’t have a plan to increase interest rate immediately. ·         China State Material Reserve Regulation Center issued an announcement on the release of the first batch of national reserves of …

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Daily DCE Review 22/6/21

Iron ore futures declined for the second consecutive trading day, due to weakening steel prices and margin amid seasonal lull steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.69% day-on-day or down RMB 31.50 to RMB 1,139/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

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