Tag archives: IO

Daily DCE Review 2/6/21

Iron ore futures rose for the third consecutive day since the start of the week, due to market optimism over possible easing of steel output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.77% on-day or up RMB 31.50 to RMB 1,168.50/mt on Wednesday. The steel rebar …

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Iron Ore DCE Sep Daily Technical Review 2/6/21

Verdict – Short-term neutral. DCE iron ore September contract tested high and corrected to very close level as yesterday. Hourly MACD narrowed. Hourly slow stochastic KD created dead cross near overbought area in previous hours. CCI retreated from bullish area. Hourly candles flattened. However technical signals were indicating a neutral with potential to test low. …

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Daily Virtual Steel Mill Report 2/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The China Market Supervision Agency said will closely track the volatility of commodity prices, strengthen pre-risk analysis, regularly monitors the trend of iron ore, steel, coal, crude oil and other commodity prices, create weekly analysis reports, and implement effective supervision. ·         China May …

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Daily DCE Review 1/6/21

Iron ore futures continued its bullish run after finding supports in possible easing of output cut in Tangshan and positive economic data from China. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 7.29% on-day or up RMB 79.50 to RMB 1,169.50/mt on Tuesday. The steel rebar contract on the Shanghai …

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Daily DCE Review 31/5/21

Iron ore futures opened high at the start of the week, rebounding from price corrections last week, after the announcement of more commodity price controls. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 5.28% on-day or up RMB 55.50 to RMB 1,106/mt on Monday. The steel rebar contract on the …

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Iron Ore DCE Sep Daily Technical Review 31/5/21

Verdict – Short-term neutral. DCE iron ore September contract recovered massively during the day, however open interest was similar to previous trading day, indicating the balance structure between long and shorts. CCI hourly chart was indicating a potential roof area. Slow stochastic KD entered an overbought area. Technical signals were indicating a slow down on …

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Daily Virtual Steel Mill Report 31/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China PM Li Keqiang pointed out at the meeting that to utilize market tools to solve major problems in economic such as rising commodity prices, promote science and technology innovation, expand domestic demand and promote opening up. Xi Jinping delivered an important speech …

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