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Tag archives: IO
Daily DCE Review 9/11/21
Iron ore futures dipped at the close, despite a strong comeback from morning session slump, amid bearish market sentiments over low steel demand and margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.97% day-on-day or down RMB 5.50 to RMB 561/mt, during the day trading session on Tuesday. …
Daily DCE Review 8/11/21
Iron ore futures booked slight gain after low opening, as trade participants were concerned over weak winter steel demand and declining exports volumes from China. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 1.42% day-on-day or up RMB 8 to RMB 570.50/mt, during the day trading session on Monday. …
London Close Iron Ore Report 5/11/21
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Iron Ore DCE Jan Daily Technical Review 5/11/21
Verdict – Short-term neutral. DCE iron ore Jan21 refreshed low again and created two consecutive correction with lower highs and lows. However the support was strong around 552.5- 557.5 area. A breakdown on this area would trigger a big correction. Otherwise iron ore expected to exhaust in the narrow area. Hourly MACD narrowed above 0 …
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Daily Virtual Steel Mill Report 5/11/21
Market Verdict on Iron Ore： · Neutral. Macro · The U.S. Taper has no essential relations to interest rate increase, since Taper was focusing on less purchase on T-bonds. Some macro analysts believed that the interest rate potentially start in the Q4 of the year 2022. · China NDRC: Encouraging the China domestic iron ore …
London Close Iron Ore Report 4/11/21
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Singapore Close Iron Ore Report 4/11/21
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Iron Ore DCE Jan Daily Technical Review 4/11/21
Verdict – Short-term neutral. DCE iron ore Jan21 refreshed listed low during the last few minutes of night session yesterday. However iron ore strongly recovered this morning. DCE iron ore technically consolidate in a range box of 557.5- 597.0 area, price movement gradually slow down within this area. Hourly MACD indicated a neutral after narrowing …
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Daily Virtual Steel Mill Report 4/11/21
Market Verdict on Iron Ore： · Neutral. Macro · U.S. FOMC meeting decided the market expected to start Taper during an unchanged interest rate by decreasing 15 billion U.S. dollars of T-Bond purchase per month. U.S. federal believed would support economic activities and jobs, at the same time counter against inflation risk. · U.S. ADP …