Category archives: Products

Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 01/12/21

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Daily DCE Review 1/12/21

Iron ore futures rose for the third consecutive trading day, despite poor economic data indicating slowdown of manufacturing activities in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.63% day-on-day or up RMB 10 to RMB 624/mt, during the day trading session on Wednesday. The rebar futures also followed …

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Oil and Products Morning Report 01/12/21

Good Morning. Oil rebounded from a sharp decline on speculation that recent deep losses were excessive and OPEC+ may decide to pause hikes in production, with the abrupt reversal fanning already-elevated volatility. West Texas Intermediate rallied 3.2% after tumbling by more than 5% on Tuesday, when a sell-off was driven by escalating concerns about the …

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