Tag archives: IO

Iron Ore DCE Jan Daily Technical Review 22/11/21

Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …

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Daily Virtual Steel Mill Report 22/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. ·         China Vice PM Liu He said in a manufacturing conference that financial …

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Daily DCE Review 22/11/21

Iron ore futures jumped on better industrial steel consumption and loosening of bank credits for the embattled Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.18% day-on-day or up RMB 32.50 to RMB 558/mt, during the day trading session on Monday. The rebar futures also inched up …

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Ferrous trade weekly review 19/11/21

A total of 730,000 mt of iron ores was traded for the week ended Nov 19, as trades slowed down during the off-peak winter season. The near break even or negative margins were blamed for the low intake of iron ores, as some mills chose to reduce output voluntarily or go for maintenance period during …

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