Tag archives: IO

Iron Ore DCE May Daily Technical Review 29/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected significantly during the day and recovered major loss during the last half hour. The previous support 673.0 became a major resistance, which used to be a neckline of a multiple tops area – a traditional bearish top reversal pattern in long-run. However an …

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Daily Virtual Steel Mill Report 29/12/21

Market Verdict on Iron Ore： • Neutral to bearish. Macro • China Ministry of Industrial Information Technology vice chairman indicated that they have complied an implementation plan on non-ferrous, construction materials and petrol-chemical industry. At the same time, the new built capacity will be controlled. • China central bank PBOC: China financial system was generally …

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Daily DCE Review 29/12/21

Iron ore futures continued to slide in the trading session today, amid market sentiment of slowing steel demand for the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.92% day-on-day or down RMB 13 to RMB 663/mt, during the day trading session on Wednesday. The rebar futures also …

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Daily DCE Review 28/12/21

Iron ore futures dipped in the morning session, due to market concerns over falling steel output that affected sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.37% day-on-day or down RMB 23.50 to RMB 673.50/mt, during the day trading session on Tuesday. The rebar futures also went down by …

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Iron Ore DCE May Daily Technical Review 27/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract correct massively after creating the high since Oct 14th, indicating a divergence from current area. The upsending trend was almost broken after market went back to 684.0 area, however yet to confirm a breakdown on 672.0 – 676.0 area. Hourly slow stochastic KD created …

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