Tag archives: IO

Daily DCE Review 19/1/21

Iron ore futures reversed into losses, as market concerns over declining steel margins and the impact of rising coronavirus cases on steel demand and logistics. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, fell by 1.41% on-day or RMB 15 to RMB 1,046/mt on Tuesday. The steel rebar contract on …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 18/1/21

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Daily DCE review 18/1/21

Iron ore futures continued to rally on better economic indicators from China, despite market concerns over slower restocking activities and rising coronavirus cases in Hebei. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.65% on-day or RMB 17.50 to RMB 1,075/mt on Monday. The steel rebar contract on …

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Ferrous Daily Physical Review 18/1/21

Ferrous Market –    China National Bureau of Statistics: China 2020 crude steel production 1.05 billion tonnes, up 5.2% y-o-y. Pig iron production 887.52 million tonnes, up 4.3% y-o-y. Steel production 1.32 billion tonnes, up 7.7% y-o-y. –    A fire that broke out early Thursday at one of Vale’s ship loaders in northern Brazil was contained …

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Iron Ore DCE May Daily Technical Review 18/1/21

Verdict – Short-term neutral. DCE iron ore created new high since 22/12/2020. Currently iron ore created three dojis during last three hours from hourly chart, indicating the rebound was exhausted at the moment. However in mid-run iron ore created 1069.5- 1079 – 1084.5, higher highs over the new year. Thus mid-run was in neutral to …

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