Category archives: Products

Daily DCE Review 19/05/22

Iron ore futures gained slightly in the day trading session, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 0.18% day-on-day or up RMB 1.50 to RMB 818/mt, during the day trading session on Thursday. The …

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Iron Ore DCE September Daily Technical Review 19/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract tested the support near 780.0, however resisted by 777.0 with expanding volume. 777.0 – 780.0 would still become an important support level in mid-run. Hourly slow stocahstic KD created gold cross above oversold area. Hourly MACD potentially create gold cross. Short-run technical signals …

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Daily Virtual Steel Mill Report 19/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • The U.N. decreased the global economy growth rate at 3.1%, lower than 4% expectation estimated in January. Expected inflation rate at 6.7%, nearly trippled the average inflation level from 2010- 2020, contributed by the massive increase on grains and energy price. • U.K. CPI up …

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