Category archives: Ferrous

Daily DCE Review 25/1/21

Iron ore futures traded high on the morning session but faced some correction in afternoon session in a volatile trading market. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.71% day-on-day or RMB 7.50 to RMB 1,047/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange …

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Ferrous Daily Physical Review 25/1/21

Ferrous Market –    Steelbank construction steels inventory 2.8896 million tonnes, up 17.31% w-o-w. HRC inventories 1.8673 million tonnes, up 0.28% w-o-w. –    Hebei steel mills indicated the pandemic spread in Hebei recently caused the road transportation cost up 15% -50%. –    Bureau of Meterology in Australia indicated the Hurricane previously decreaed to a normal wind …

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Iron Ore DCE May Daily Technical Review 25/1/21

Verdict – Short-term neutral to bearish. DCE iron ore flattened as last Friday however settlement price went down 13.5 yuan, indicating average iron ore trading price went lower. The daily low refreshed last low at Jan 14th. Hourly MACD was flattening. Hourly CCI entered a bearish tunnel. Hourly high moved down from 1083-1073-1061. A rejection …

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