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Tag archives: IO
Daily DCE Review 8/3/21
Iron ore futures opened high on the morning session, only to flatten later at the afternoon session as steel prices dropped. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then moved up slightly by 0.26% day-on-day or RMB 3 to RMB 1,143.50/mt on Monday. The steel rebar contract on the Shanghai …
Iron Ore DCE May Daily Technical Review 8/3/21
Verdict – Short-term neutral. DCE iron ore may contract tested high during the last minute of Friday night session and correct during Asian morning. Iron ore saw strong resistance between 1168- 1185 area. Hourly MACD flattened below 0 axis. Hourly CCI started to correct slowly. Major range bound in between 1112.5- 1180.0 most of time …
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Ferrous Daily Physical Review 8/3/21
Ferrous Market – Steelbank construction steels inventory 10.25 million tonnes, up 4.51% w-o-w. HRC inventories 3.27 million tonnes, up 3.38% w-o-w. – MySteel: January and February China export 10.14 million tonnes of steels, up 29.9% y-o-y. China import 2.395 million tonnes of steel, up 17.4% y-o-y. – China custom statistic indicated January and February iron …
European Close 05/03/21
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London Iron Ore Market Report 05/03/21
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Oil and Ore Intraday Morning Technical 05/03/21
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Ferrous trade weekly review 5/3/21
A total of 1.07 million mt of iron ores was traded for the week ended Mar 5, up 44.59% on-week from previous week trade volumes, as most Chinese participants geared up for the construction season in March. However, some market uncertainty rose during the week, due to the commencement of China’s Two Sessions meeting as …
Daily DCE Review 5/3/21
Iron ore futures reversed into losses, due to lower steel prices and market uncertainty over the Two Sessions meeting in Beijing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid up by 3.26% day-on-day or RMB 38 to RMB 1,127.50/mt on Friday. The steel rebar contract on the Shanghai Futures …
Iron Ore DCE May Daily Technical Review 5/3/21
Verdict – Short-term neutral. DCE iron ore may contract corrected massively during last night session after refreshed new high yesterday. Day session iron ore recovered some losses. Hourly slow stochastic KD deepened correction after a dead cross created below overbought area. Hourly CCI rebounded from the lowest since February. Short-run technical signals were indicating a …
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