Category archives: Products

Daily DCE Review 20/12/21

Iron ore futures dipped at the close, despite a promising start at the morning session but only to succumbed to loss at later noon session. The futures of Dalian Commodity Exchange (DCE) for January delivery then slumped by 1.32% day-on-day or down RMB 9 to RMB 673.50/mt, during the day trading session on Monday. The …

Continue reading “Daily DCE Review 20/12/21”

Iron Ore DCE May Daily Technical Review 20/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected following the big correction of Shanghai equities and major industrial commodities. Iron ore was resisted twice over the past two trading days at 696.5- 698.5 area. If iron ore broke the 670.0 – 672.0 area, it potentially deepen correction to 645.0 area and …

Continue reading “Iron Ore DCE May Daily Technical Review 20/12/21”

Daily Virtual Steel Mill Report 20/12/21

Market Verdict on Iron Ore： • Neutral. Macro • After experienced the super central bank week, BOE started the first round of interest rate raise. ECB increased asset purchase plan. Russia announced the seventh interest rate increase of the year. Other new emerging market countries also announced interest rate raise. However major economies in Asia …

Continue reading “Daily Virtual Steel Mill Report 20/12/21”