Category archives: Ferrous

Iron Ore DCE January Daily Technical Review Dec 2nd

Verdict – Short-term neutral. DCE iron ore Jan contract spiked following the coking coal Jan, which increased by 5.25%. The rolling of iron ore look very slow today. Be aware of short-run traders taking gains tomorrow. From hourly chart, slow stochastic KD went up through overbought area. CCI rebound slower. The first support is 915.0. …

Continue reading “Iron Ore DCE January Daily Technical Review Dec 2nd”

Daily Ferrous Physical Review Dec 2nd

Ferrous Market –    China Iron ore 45 port arrivals(Nov 23-29th) at 22.05 million tonnes, down 1.02 million tonnes w-o-w. Northern six port arrivals at 10.96 million tonnes, down 938,000 million tonnes w-o-w. –    Mysteel researched Nov 30- Dec 6th Australia iron ore port maintainance impact iron ore delivery arround 1.001 million tonnes. –    Ganggu Construction …

Continue reading “Daily Ferrous Physical Review Dec 2nd”

DCE rises slightly on good PMIs

Iron ore futures opened lower, but ended slightly higher on a late market rally, following better economic indicators from China. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 0.28% or RMB 2.50 day-on-day to RMB 908.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, …

Continue reading “DCE rises slightly on good PMIs”

European Close 30/11/20

Indecision is creeping into the DCE iron ore futures. A Doji star followed by a spinning top is warning that upside moves could fail to hold at these levels. The intraday futures produced a negative divergence on the close of the 31st, resulting in the evening session trading 13 RMB lower. Rebar futures remain corrective; …

Continue reading “European Close 30/11/20”