Iron Ore DCE Sep Daily Technical Review 18/6/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract slumped after hearing the commodity price supervision news from NDRC. However iron ore started to correct early this morning after a periodic high created over last night. The 1248.0 and 1253.5 became the double top in mid-run. A stand on 1176.0 level could help …

Daily Virtual Steel Mill Report 18/6/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         The National Development and Reform Commission held a regular press on June 17 to carry out the supervision of the bulk commodity market, jointly investigate the market transactions, interview enterprises and associations in key industries, investigate and verify the clues related to suspected …