Tag archives: IO

Daily DCE Review 24/1/22

Iron ore futures dipped slightly as market activities slowed down before the upcoming Spring festival holidays, while trade participants were seeking for clearer market directions after the post-holidays period. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 1.66% day-on-day or down RMB 12.50 to RMB 740/mt, during the day trading …

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Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 21/01/22

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Ferrous Trade Weekly Review 21/1/22

A total of 1.87 million mt of iron ores was traded for the week ended Jan 21, up 65.49% on-week, as buyers rushed for purchases before Lunar New Year holidays. Most of the purchases were scheduled for delivery in late February and early March, as market participants believed that the steel demand will pick up …

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Daily DCE Review 21/1/22

Iron ore futures extended gains on Friday, despite slowing demand and improvement in the buildup of steel stocks. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 2.23% day-on-day or up RMB 16.50 to RMB 755.50/mt, during the day trading session on Friday. The rebar futures also rose slightly by 0.11% …

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Daily Virtual Steel Mill Report 21/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • US Treasury Secretary Yellen said that inflation is expected to remain above 2% in 2022. There are many uncertainties about inflation. Over time, the inflation rate is expected to decline this year. • U. S. initial jobless claims increased from 231,000 to 286,000 last …

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