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Tag archives: IO
Oil and Ore Intraday Morning Technical 21/05/21
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Ferrous trade weekly review 21/5/21
A total of 0.86 million mt of iron ores was traded for the week ended May 21, amid cautious purchases from trade participants as Chinese authority clamped down on market speculations over recent price rally. Thus, the steel prices followed a downward trajectory as market participants expected Chinese policymakers to impose further market intervention measures …
Daily DCE Review 21/5/21
Iron ore futures ended on the week on dip after market participants became more cautious on sliding steel prices and margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 3.39% on-day or up RMB 38.50 to RMB 1,096.50/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, were …
Iron Ore DCE Sep Daily Technical Review 21/5/21
Verdict – Short-term bearish. DCE iron ore September contract struggled around 1111.0 level several times during the day and finally broke 1102.0, which was an important support level during the current two days. Hourly CCI went back into bearish area. Hourly MACD widened below 0 axis. Hourly KD softened after a dead cross above oversold …
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Daily Virtual Steel Mill Report 21/5/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China’s one-year Loan Prime Rate was 3.85% in May, same as 3.85% last month. LPR 5-year was 4.65%, which was 4.65% last month as well. LPR has been “standing still” for 13 consecutive months. · Iranian President Mahmoud Rouhani says agreement has …
European Close 20/05/21
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London Iron Ore Market Report 20/05/21
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Oil and Ore Intraday Morning Technical 20/05/21
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Daily DCE Review 20/5/21
Iron ore futures continued to spiral downward for third consecutive trading days as steel prices and margins began to decline. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 5.70% on-day or up RMB 69 to RMB 1,142.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, also fell …