Category archives: Ferrous

DCE slides on slower restocking activities

Iron ore futures opened high before sliding toward the afternoon session, despite a late rally to recover some loss grounds at the close. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then dropped by 1.69% on-day or RMB 18 to RMB 1,046/mt on Monday. The steel rebar contract on the Shanghai …

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Daily Ferrous Physical Review 11/1/21

Ferrous Market –    Steelbank Inventory: construction steel inventories 3.11 million tonnes, up 6.84% w-o-w. HRC 1.77 million tonnes, up 11.45% w-o-w. –    Northern Australia miner Frances Creek,  acquired from Gold Valley Holdings six years ago, is currently investing 11.3 million dollars to upgrade facilities. First . NT Bulion planned to start the first trains with …

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Iron Ore DCE May Daily Technical Review 11/1/21

Verdict – Short-term neutral. DCE iron ore corrected from the high of 1079.0 created on last Friday, the support area was in 1016-1022 area. From hourly chart, CCI was still testing two week low area. Hourly KD became flat after the dead cross in 8th. MACD became flat in bearish area. The first support is …

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