Tag archives: IO

Ferrous Trade Weekly Review 14/1/22

A total of 1.13 million mt of iron ores was traded for the week ended Jan 14, down 10.32% on-week, as restocking activities slowed down. As most of the mills were heard to complete their pre-Lunar New Year procurement, though some market participants expected some purchases for smaller lots. During the week, the trades volume …

Continue reading “Ferrous Trade Weekly Review 14/1/22”

Daily DCE Review 14/1/22

Iron ore futures suffered a hiccup from previous rally, due to market uncertainty over steel demand and lower imports data. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.30% day-on-day or down RMB 17 to RMB 722/mt, during the day trading session on Friday. The rebar futures also dipped slightly …

Continue reading “Daily DCE Review 14/1/22”

Iron Ore DCE May Daily Technical Review 14/1/22

Verdict – Short-term bearish. DCE iron ore May22 corrected weakly during the day. The daily support fell on 713.0 – 714.0. Hourly MACD deepened correction. Hourly slow stochastic KD approached oversold area. Hourly CCI consolidated near bearish territory. Short-run correction if seeing lower lows and highs. The first support is 693.0, the first resistance is …

Continue reading “Iron Ore DCE May Daily Technical Review 14/1/22”

Daily Virtual Steel Mill Report 14/1/22

Daily Virtual Steel Mill Report 14/1/22 Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. Federal official Harker indicated that the Federal potentially increase interest rate by 25 basis points after decreasing the debt purchase in March. • Chinese Academy of Science estimated that China GDP growth rate in the year 2022 …

Continue reading “Daily Virtual Steel Mill Report 14/1/22”

Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 13/01/22

Please click below to view the report       For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004

Iron Ore DCE May Daily Technical Review 13/1/22

Verdict – Short-term bearish. DCE iron ore May22 contracted gave back all gains created overnight during the afternoon. If a breakdown on 722.0 during the day, iron ore potentially will accelerate the correction. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross on overbought area. Hourly CCI corrected from bullish territory to …

Continue reading “Iron Ore DCE May Daily Technical Review 13/1/22”