Iron ore futures extended losses till the end of the week, as market expected more intervention from regulators to stabilize prices. The futures of Dalian Commodity Exchange (DCE) for May delivery then fell by 1.37% day-on-day or down RMB 9.50 to RMB 685/mt, during the day trading session on Friday. The rebar futures however went …
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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 …
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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 …
London Iron Ore Market Report 17/02/22
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Iron Ore Market Daily Report 17/02/22
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Iron Ore Offshore March 22 Morning Technical Comment – 240 Min Chart 17/02/22
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Daily DCE Review 17/2/22
Iron ore futures fell for most of the week, in awaiting of more meeting outcomes from the market regulators on the issue of price fabrication and false information. The futures of Dalian Commodity Exchange (DCE) for May delivery then fell by 3.79% day-on-day or down RMB 27 to RMB 684.50/mt, during the day trading session …
Iron Ore DCE May Daily Technical Review 17/2/22
Verdict – Short-term bearish. DCE iron ore May22 re-entered the bearish tunnel during the day with expanding trading volume. The volume and open interest structure indicated that iron ore market was still driven by aggressive new short positions. Hourly MACD expanded in bearish territory. Hourly slow stochastic KD created a dead cross above oversold area. …
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European Close 16/02/22
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London Iron Ore Market Report 16/02/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004