Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 17/01/22

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Daily DCE Review 17/1/22

Iron ore futures fell due to waning pre-Lunar New Year restocking activities and slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.35% day-on-day or down RMB 17 to RMB 705/mt, during the day trading session on Monday. The rebar futures also dipped by 2.04% day-on-day or down …