Category archives: Ferrous

DCE corrects from trading limits

Iron ore futures continued to correct after another choppy session, as market participants felt the effect of trading limits imposed by the exchange. Thus, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went down by 5.78% or RMB 62.50 to RMB 1,027/mt on Wednesday. The steel rebar contract on the Shanghai …

Continue reading “DCE corrects from trading limits”

Daily Ferrous Physical Review Dec 23rd

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.31 million tonnes, up 40,100 tonnes w-o-w. Mills inventory 4.46 million tonnes, up 47,800 tonnes w-o-w. Circulation inventory 5.58 million tonnes, down 92,600 tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 25.17 million tonnes, up 2.45 million tonnes w-o-w. Australia iron ore delivery …

Continue reading “Daily Ferrous Physical Review Dec 23rd”

Iron Ore DCE May Daily Technical Review Dec 23rd

Verdict – Short-term neutral to bearish. DCE iron ore decreased total 10% open interest from Tuesday and Wednesday. From hourly candles, iron ore potentially created a roof area and face mid-run level reversal from peak area. Hourly MACD was narrowing below 0 axis. Hourly candles were continuously decreasing the volatility. Hourly slow stochastic KD created …

Continue reading “Iron Ore DCE May Daily Technical Review Dec 23rd”

DCE ends bullish run due to crackdown measures

Iron ore futures reversed into losses after a record-breaking run, due to a selloff at the afternoon session as anti-speculative trading measures took effect. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 4.78% or RMB 53 to RMB 1,055/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

Continue reading “DCE ends bullish run due to crackdown measures”