Category archives: Ferrous

Daily DCE Review 25/5/21

Iron ore futures dipped at the close, after a volatile session with day peak recorded earlier in the morning session before plunging at the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped slightly by 0.05% on-day or up RMB 0.50 to RMB 1,058/mt on Tuesday. The steel rebar contract …

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Daily DCE Review 24/5/21

Iron ore futures got off to a poor start of the week with softening rates due to lower steel prices and reduced margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 5.21% on-day or up RMB 58.50 to RMB 1,064/mt on Monday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE Sep Daily Technical Review 24/5/21

Verdict – Short-term neutral. DCE iron ore September contract created the lowest since April 16th, however recover most of losses in Asian session. The resistance on 1100 area was significant. Hourly slow stochastic KD created gold cross near oversold area. CCI created bullish divergence with iron ore price. Technical signals were indicating a slow down …

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Daily Virtual Steel Mill Report 24/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral.   Macro ·         On the morning of May 23,China National Development of Reform and Commission and other five departments jointly held a meeting interview key enterprises with strong market influence in iron ore, steel, copper, aluminum and other industries, with the participation of the Iron …

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