Tag archives: IO

Daily DCE Review 15/03/22

Iron ore futures dipped on slow steel demand, despite better economic indicator in the Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for May delivery dipped by 4.61% day-on-day or down RMB 36.50 to RMB 756/mt, during the day trading session on Tuesday. The rebar futures also decreased by 0.81% or down RMB …

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Iron Ore DCE May Daily Technical Review 15/3/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected massively and entered a bearish trend. Hourly MACD widened below 0 axis. Hourly slow stochastic KD widened after a dead cross. Hourly CCI entered a bearish territory. Hourly and daily candles created a roof area and indicating the start of a correction in …

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Daily Virtual Steel Mill Report 15/3/22

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. Five-Year Treasury Bond up 6 basis point yesterday and breakthrough 2% first time for the previous six years. Ten-Year Treasury bond also reached 2.05%. Forex traders believed that there would be seven interest rate increase for the year 2022 and expected 80% possibility for interest …

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