Tag archives: IO

Daily DCE Review 7/7/21

Iron ore futures rebounded from earlier losses in the morning session to close the afternoon session on positive note. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.02% day-on-day or up RMB 12.50 to RMB 1,244/mt at the close of day trading session on Wednesday. The rebar futures continued to …

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Iron Ore DCE Sep Daily Technical Review 7/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth trading day, however resisted below the important pivot level at 1253.5, which was a previous high. A rejection on this level for the next few days potentially bring iron ore into a consolidation area. Hourly MACD flattened. Hourly CCI recover and spiked to …

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Daily Virtual Steel Mill Report 7/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The general office of the CPC Central Committee and the general office of the State Council proposed to crack down on illegal securities activities in accordance with the law, strictly investigate the legality of the sources of securities investment funds, and strictly control …

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Daily DCE Review 6/7/21

Iron ore futures rose for the second consecutive trading day, following the upticks in steel prices and lower iron ore shipments. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.84% day-on-day or up RMB 34 to RMB 1,231/mt at the close of day trading session on Tuesday. The rebar futures …

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