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Tag archives: IO
Daily DCE Review 06/05/22
Iron ore futures ended the week on decline, despite rebounding earlier on the week since the return of Chinese trade participants from the long holidays period. The futures of Dalian Commodity Exchange (DCE) dropped by 5.12% day-on-day or down RMB 44.50 to RMB 825/mt, during the day trading session on Friday. The rebar futures also …
Iron Ore DCE September Daily Technical Review 06/05/22
Verdict – Short-term neutral to bearish. DCE iron ore September contract tested important resistance level in 883.0- 884.5, rejected and corrected massively after then. As a result, 883.0 – 884.5 was still a major resistance area for iron ore. It is worth noting that iron ore aggregated open interest increased by 5% during the …
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Daily Virtual Steel Mill Report 06/05/22
Market Verdict on Iron Ore: • Neutral to bullish. Macro • BOE increased interest rate by 25 basis points to 1% as expected, which was the fourth increase from last December. BOE base interest rate reached the highest over the last 13 years. • China Transportation Department announced that the high way tolls and …
European Close 05/05/22
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London Iron Ore Market Report 05/05/22
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Singapore Iron Ore Derivatives Report 05/05/22
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Iron Ore Offshore May 22 Morning Technical Comment – 240 Min Chart 05/05/22
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Daily DCE Review 05/05/22
Iron ore futures rose at the day session, as the Chinese trade participants returned from the long holidays period. The futures of Dalian Commodity Exchange (DCE) rose by 1.87% day-on-day or up RMB 16 to RMB 871.50/mt, during the day trading session on Thursday. The rebar futures also hiked by 1.23% or up RMB 60 …
Iron Ore DCE September Daily Technical Review 05/05/22
Verdict – Short-term neutral. DCE iron ore September contract created consecutive five-day increase from April 26th. However the trading volume hasn’t seen any improvement over the previous five trading days. In addition, the intra-day high was resisted by the high created on April 25th, when market created the biggest single-day decrease since February 15th. …
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