Category archives: Products

Iron Ore DCE May Daily Technical Review 19/1/22

Verdict – Short-term neutral, be aware of top reversal. DCE iron ore May22 contract yet to test high in 741.5. If a failure to reach this level, iron ore would confirm periodic high at 748.5 and potentially enter a correction phase. A breakthrough on 741.5 would increase chances to refresh new high and bring the …

Continue reading “Iron Ore DCE May Daily Technical Review 19/1/22”

Daily Virtual Steel Mill Report 19/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • China central bank held a conference to decrease the deposit reserve ratio, maintain leverage ratio, decrease Loan Prime Rate, and increase fulfillment of local debts. • U.S. New York January PMI fell from 31.9 to -0.7, est. 25, the unexpected negative number was first …

Continue reading “Daily Virtual Steel Mill Report 19/1/22”

Daily DCE Review 19/1/22

Iron ore futures rose further on higher steel prices, though market had concerned over steel demand after the Spring festival holiday season. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 4.26% day-on-day or up RMB 30 to RMB 735/mt, during the day trading session on Wednesday. The rebar futures also …

Continue reading “Daily DCE Review 19/1/22”