Tag archives: IO

Daily DCE Review 16/3/21

Iron ore futures rebounded from previous trading day loss, due to higher steel prices and better margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 3.88% day-on-day or up RMB 40 to RMB 1,070/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however managed …

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Daily DCE Review 15/3/21

Iron ore futures dipped on stricter emission cuts in steelmaking hub of Tangshan, imposed by Chinese environment ministry. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid by 3.50% day-on-day or up RMB 37.50 to RMB 1,035/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however managed …

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Iron Ore DCE May Daily Technical Review 15/3/21

Verdict – Short-term neutral. DCE iron ore may contract tested low from February 8th, and then recover some gains during the day session. The major short positions were on September contract. The rolling expected to complete in late March seasonally. Hourly slow stochastic KD potentially create a gold cross above oversold area. CCI rebounded. Short-run …

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Ferrous Daily Physical Review 15/3/21

Ferrous Market –    Steelbank construction steels inventory 10.29 million tonnes, up 0.35% w-o-w. HRC inventories 3.14 million tonnes, up 4.12% w-o-w. –    Tangshan held a emergent meeting on March 13th, the mayor of Tangshan required manufacturing industry to follow the production curb strictly, to cut 50% of carbon emission. –    China physical coke down 100 …

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