Category archives: Ferrous

DCE inches up on better buying interest

Iron ore futures went up higher following a late rally in the afternoon session due to better buying interests. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.40% day-on-day to RMB 797 per mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also inched up …

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Iron Ore DCE January Daily Technical Review Oct 21st

Verdict – Short-term neutral. DCE iron ore kept rebounding from afternoon session on Oct 19th . From hourly chart, CCI is approaching 2 weeks high from six day low. MACD is also slightly picking up above 0 axis. A rejection on 809.0 area would indicate iron ore return to bearish territory. A breakthrough on this …

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Daily Ferrous Physical Review Oct 21st

Ferrous Market –    Australia port maintenance estimate cause iron ore decrease on delivery arround 2.17 million tonnes. Brazil maintenance impact 507,000 tonnes. However Australia and Brazil delivery to China proportion both increased, Australia and Brazil iron ore delivery also approaching 4 month high. –    Port stock increase enables steel mills have more alternative …

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European Close 20/10/20

Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close.   Rhetoric for iron ore bulls …

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DCE rebounds on higher steel output

Iron ore futures closed on the high due to increased steel production and stable steel demand in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.32% day-on-day to RMB 789 per mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, dipped …

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Oil and Ore Intraday Morning Technical

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