Tag archives: IO

Daily DCE Review 7/5/21

Iron ore futures continued to rise for the second consecutive day after the long holidays as trade participants remained bullish on steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rallied up by 6.37% day-on-day or up RMB 73.50 to RMB 1,226.50/mt on Friday. The steel rebar …

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Iron Ore DCE Sep Daily Technical Review 7/5/21

Verdict – Short-term neutral to bullish. DCE iron ore September contract refreshed historical high and maintain strong movement. Iron ore futures hourly candles failed to breakthrough intra-day high at 1231.0 level. Hourly CCI retreated to the bound between neutral and bullish area from a two-week-high, which created a bearish divergence with the strong price movement. …

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Daily Virtual Steel Mill Report 7/5/21

Market Verdict on Iron Ore： ·         Iron ore neutral to bullish. Macro ·         Commodity market witnessed a massive growth in May since a concern on Indian pandemic spread caused a new round of chain-effect. In addition, China-Australia tension also contribute to the metals growth. ·         IMF indicated world countries need to be aware of the …

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Daily DCE Review 6/5/21

Iron ore futures rallied as trade participants returned from the long holidays amid high steel prices and margins. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then surged up by 6.81% day-on-day or up RMB 75.50 to RMB 1,184/mt on Thursday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE Sep Daily Technical Review 6/5/21

Verdict – Short-term neutral to bullish. DCE iron ore September contract refreshed historical high and maintain strong movement. Iron ore created a gap as a strong support after a high open cross Labor Day Holiday. Hourly slow stochastic KD created gold cross near oversold area. Hourly CCI created two-weeks-high fast from a monthly low during …

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Daily Virtual Steel Mill Report 6/5/21

Market Verdict on Iron Ore： ·         Iron ore neutral to bullish. Macro ·         China National Development of Reform Commission decides to indefinitely suspend all activities under the framework of the China-Australia Strategic Economic Dialogue jointly held by the National Development and Reform Commission of the People’s Republic of China and relevant ministries of the Australian …

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