Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 20/1/21

Verdict – Short-term neutral. DCE iron ore rebounded slightly from last closing with decreased volume. Iron ore still stuck in a consolidation range from 1035.5- 1084.5 area. Hourly MACD potentially create gold cross. Hourly slow stochastic KD was widening. Technical signals were neutral currently. The first support is 1035.5. The first resistance is 1084.5

Daily DCE Review 19/1/21

Iron ore futures reversed into losses, as market concerns over declining steel margins and the impact of rising coronavirus cases on steel demand and logistics. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, fell by 1.41% on-day or RMB 15 to RMB 1,046/mt on Tuesday. The steel rebar contract on …

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Daily DCE review 18/1/21

Iron ore futures continued to rally on better economic indicators from China, despite market concerns over slower restocking activities and rising coronavirus cases in Hebei. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.65% on-day or RMB 17.50 to RMB 1,075/mt on Monday. The steel rebar contract on …

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