Category archives: Ferrous

Iron Ore: A strong start to the end

A total of 925,000 mt of iron ores was traded for the week ended Dec 4, down 32.5% week-on-week, as compared to 1.37 million mt of iron ore traded last week.   Apparently, most of the end-users had risen their restocking activities over the past week and the lower transaction volume implied their concerns over …

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DCE rises toward the RMB 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, which might challenge the RMB 1,000/mt mark at this bullish market momentum. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange surged by 4.24% or RMB 39.50 day-on-day to RMB 972/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …

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DCE rallies for another record-breaking round on reduced Brazilian supply

Iron ore futures set for another record-breaking level, due to market concerns over reduced supply from Brazil’s Vale. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by1.63% or RMB 15.50 day-on-day to RMB 937/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, however dipped by 1.23% or RMB 48 …

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Iron Ore DCE January Daily Technical Review Dec 3rd

Verdict – Short-term neutral. DCE iron ore Jan contract daily candle created a doji, however the intra-day high still create historic high. The Jan contract continue to roll, expected to finish early next week. The yesterday increase on position were proved as an intra-day turnover as most of them are decreased today. From hourly chart, …

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