Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 3/3/21

Verdict – Short-term neutral. DCE iron ore movement were narrowing within the 90 yuan range from 1089.5- 1080.0. Open interest and volume both rebounded slightly. From hourly chart iron ore support moved higher from 1089.5 – 1117.5 – 1130.0. The major resistance on 1078.0- 1080.0. Iron ore from hourly chart created an ascending triangle. Thus, …

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Ferrous Daily Physical Review 3/3/21

Ferrous Market –    Tangshan closed 7 blast furnaces(450m³) and set target to quit the low rank on air pollution level among 168 major inspected cities. China political conference started from today and market expect Hebei air pollution level would come down following historical rule. Tangsong indicated pig iron decrease by 11,500 tonnes/day. Current pig iron …

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Iron Ore Offshore April 21 Morning Technical Comment – 240 Min Chart (rolling contract) 02/03/21

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Daily DCE Review 2/3/21

Iron ore futures rallied at the close of afternoon session, due to market optimism over high steel demand during construction season. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.49% day-on-day or RMB 17 to RMB 1,154.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

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