Tag archives: IO

Daily DCE Review 6/8/21

Iron ore futures opened higher from previous day slump, but only managed a slight recovery at the close, due to lower steel consumption in China. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.27% day-on-day or down RMB 11.50 to RMB 895/mt, during the day trading session on Friday. The …

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Daily Virtual Steel Mill Report 6/8/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro ·         IMF: global economic growth will reach 6% in 2021, which is a high forecast and the highest global growth rate in the past few decades. ·         New Typhoon landed in southern China, which will impact four southern provinces with heavy rain for the coming …

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Daily DCE Review 5/8/21

Iron ore futures fell to two-month low on the day session, after a selloff from sluggish steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 4.72% day-on-day or down RMB 44 to RMB 888.50/mt, during the day trading session on Thursday. The rebar futures, however moved flatly and inched …

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Iron Ore DCE Jan Daily Technical Review 5/8/21

Verdict – Short-term neutral to bearish. DCE iron ore September rolled to January during this week. The big correction with greater volume during a rolling period indicated major investors were slight bearish in the after market of iron ore. Hourly chart candles entered stable over the afternoon session. A hold up on 873.0 level would …

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Daily Virtual Steel Mill Report 5/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         U.S. July Markit service PMI 59.9, est. 59.8, last 59.8. Composite PMI 59.9, last 59.7. ·         The three departments of China encouraged four kinds of household appliance manufacturers such as TV sets, refrigerators, washing machines and air conditioners to carry out …

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