Tag archives: IO

Daily DCE Review 26/05/22

Iron ore futures reversed into losses from previous day rally, despite a late recovery in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then dipped slightly by 0.77% day-on-day or down RMB 6.50 to RMB 834/mt, during the day trading session on Thursday. The rebar futures …

Continue reading “Daily DCE Review 26/05/22”

Iron Ore DCE September Daily Technical Review 26/05/22

Verdict – Short-term neutral.   DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …

Continue reading “Iron Ore DCE September Daily Technical Review 26/05/22”

Daily Virtual Steel Mill Report 26/05/22

Market Verdict on Iron Ore： • Neutral.     Macro • The general office of the State Council issued the opinions on expanding effective investment, including big infrastructure projects. Promote the healthy development of real estate investment trusts (REITs) . • China PM Li Keqiang: gurantee the Q2 economy growth and decrease unemployment rate. • …

Continue reading “Daily Virtual Steel Mill Report 26/05/22”

Freight and Commodity Podcast 25/05/22

The Australian election, significant coal shipments, and Chinese lockdowns are just some of the factors discussed affecting the dry freight and ferrous markets on this week’s podcast.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/29ih7HBghbxxMxqvPnjpg9?si=s7cd5GFSSgmEEOWAED46AA   iTunes – https://podcasts.apple.com/gb/podcast/episode-99-25-05-22/id1507094242?i=1000563789909

Daily DCE Review 25/05/22

Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …

Continue reading “Daily DCE Review 25/05/22”

Iron Ore DCE September Daily Technical Review 25/05/22

Verdict – Short-term neutral.   DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …

Continue reading “Iron Ore DCE September Daily Technical Review 25/05/22”