Category archives: Ferrous

Daily Virtual Steel Mill Report 18/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The National Development and Reform Commission held a regular press on June 17 to carry out the supervision of the bulk commodity market, jointly investigate the market transactions, interview enterprises and associations in key industries, investigate and verify the clues related to suspected …

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Daily DCE Review 17/6/21

Iron ore futures rebounded from previous trading losses, lifted by market sentiment of rising daily steel production in early June. The futures of Dalian Commodity Exchange (DCE) for September delivery then hiked up by 1.03% on-day or RMB 12.50 to RMB 1,223.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, also went …

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Iron Ore DCE Sep Daily Technical Review 17/6/21

Verdict – Short-term neutral. DCE iron ore September contract recovered major loss by last trading day and return to previous consolidation range. The area of 1225.5-1233.0 provide major resistance, as the roof areas of many candles. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD keep rebounding. However be aware of hourly candles, …

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Daily Virtual Steel Mill Report 17/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics spokeman said to pay attention to the fast increase on industrial raw materials, and decrease the cost pressure on enterprises by enhancing the market regulation. ·         China May above designated scale industrial enterprises added value at 8.8% y-o-y, …

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