Daily DCE Review 21/2/22

Iron ore futures rebounded after a week of losses, as buying interests improved as steel production is expected to recover after the Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 4.74% day-on-day or up RMB 32 to RMB 707/mt, during the morning trading session on Monday. The rebar …

Iron Ore DCE May Daily Technical Review 18/2/22

Verdict – Short-term neutral. DCE iron ore May22 recovered from extreme sentiment after a low open last night, saw a slight recovering volume. Hourly slow stochastic KD created gold cross in oversold area. Hourly MACD widened above 0 axis. Technical signals were indicating a neutral sentiment and exhaustion on the previous sellers, however the mid-run …

Daily Virtual Steel Mill Report 18/2/22

Market Verdict on Iron Ore: • Neutral to bearish. Macro • Europe Union would impose tariff on steel fasteners exported from China by 22.1-86.5%. Iron Ore Key Indicators: • Platts62 $130.65, -9.65, MTD $145.37. SGX and DCE iron ore futures trades both improved on volumes from last night and this morning. However physical trade was …