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Tag archives: IO
Oil and Ore Intraday Morning Technical 04/02/21
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Daily DCE Review 4/2/21
Iron ore futures jumped on better post-Lunar New Year demand, which resulted a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), jumped by 5.26% day-on-day or RMB 49.50 to RMB 991/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also rose by 1.94% …
Iron Ore DCE May Daily Technical Review 4/2/21
Verdict – Short-term neutral. DCE iron ore rebounded significantly in the afternoon session, along with major commodities and Shanghai equity all recovered the sentiments and rebounded before and after lunch. However open interest and volume growth were not significant, indicating a testing period for market to return to neutral. A breakthrough on 1008.0 area would …
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Ferrous Daily Physical Review 4/2/21
Ferrous Market – Tangshan 10 sample steel mills pig iron before tax 3117 yuan/tonne, billet cost 3956 yuan/tonne, down 1 yuan/tonne w-o-w. Gross profit -106 yuan/tonne, down 9 yuan/tonne. – Tangshan billet lock price at 3850 yuan from Feb 2 – 17th(16 days), a 7 year high price during Chinese New Year. 3300 yuan(22 days) …
European Close 03/02/21
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London Iron Ore Market Report 03/02/21
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Oil and Ore Intraday Morning Technical 03/02/21
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Daily DCE Review 3/2/21
Iron ore futures had a choppy trading session, following a late rally at the closing afternoon session to recover the losses at the morning session. Despite the late charge, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.89% day-on-day or RMB 8.50 to RMB 948/mt on Wednesday. The …
Iron Ore DCE May Daily Technical Review 3/2/21
Verdict – Short-term neutral to bearish. DCE iron ore rebounded slightly, the intraday low at 925.0 gathered some trading volume to push iron ore price back to 940-950 level in the afternoon session. Hourly MACD potentially create gold cross. Hourly CCI rebounded for previous six hours and created intraday high. Hourly slow stochastic KD created …
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