Tag archives: IO

Daily DCE Review 13/05/22

Iron ore futures ended the week on gains, despite dipping the morning session then only to rebound in the afternoon trading session. The futures of Dalian Commodity Exchange (DCE) then hiked slightly by 0.98% day-on-day or up RMB 8 to RMB 823/mt, during the day trading session on Friday. The rebar futures also climbed by …

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Iron Ore DCE September Daily Technical Review 13/05/22

Verdict – Short-term neutral.   DCE iron ore September contract as expected maintained a wide-range movement during the week. If a breakthrough on 839.0 with growing volume, iron ore will potentially enter an accelerated rebound phase. Otherwise, a breakdown on important level from 780.0 – 783.0 would indicate a return to bear. Hourly MACD created …

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Daily Virtual Steel Mill Report 13/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • The US Senate on Thursday approved Powell’s second four-year term as the chairman of Federal Reserve. Powell reiterated his expectation that the Fed would raise interest rates by 50 basis points in the next two FOMC meetings, and promised to take more actions if the …

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Iron Ore DCE September Daily Technical Review 12/05/22

Verdict – Short-term neutral.   DCE iron ore September contract fell into the correction tunnel during the day. Hourly candles indicated that iron ore has created three lower highs and two lower lows from April 19th. If breaking through major support from 783.0- 800.0 area, iron ore potentially testing periodic low. Otherwise, iron ore would …

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Daily Virtual Steel Mill Report 12/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. April CPI up 8.3% y-o-y, narrowed from March at 8.5%. Core CPI up 6.2% y-o-y, higher than expected 6%.   Iron Ore Key Indicators: • Platts62 $133.50, +5.40, MTD $136.78. Seaborne iron ores such as PBF saw several interests based on sales with discount. …

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Daily DCE Review 12/05/22

Iron ore futures dipped in the day session, despite opened higher in the morning amid market concern over weak steel margins. The futures of Dalian Commodity Exchange (DCE) fell by 1.36% day-on-day or down RMB 11 to RMB 796/mt, during the day trading session on Thursday. The rebar futures also dropped by 0.99% or down …

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