Tag archives: IO

Daily DCE Review 26/4/21

Iron ore futures rallied to record high level due to robust steel demand and market concerns over extensions of output curbs to other Chinese provinces. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then jumped by 4.33% day-on-day or up RMB 47.50 to RMB 1,144.50/mt on Monday. The steel …

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Iron Ore DCE Sep Daily Technical Review 26/4/21

Verdict – Short-term neutral. DCE iron ore September contract flattened during the day session after a big spike on Friday night session. Hourly slow stochastic KD was flattening near overbought area. Hourly CCI corrected from 6 month high to above 100 area. Candles were indicating volatility are decreasing. Technical signals were indicating an exhaustion on …

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Daily Virtual Steel Mill Report 26/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Iron Ore Key Indicators: ·         Platts 62%: $185.10 (+1.50) MTD $176.22. Iron ore port trades and seaborne trades both increased significantly before China’ Labor day started from this Saturday. However major contributor was the weakened U.S. dollar supported all dollar-linked asset, iron ore was the most …

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Ferrous trade weekly review 23/4/21

A total of 1.63 million mt of iron ores was traded for the week ended Apr 23, up 33% on-week, as iron ore prices moved to decade-high levels on good steel margins. During the week, there was plan for production curb in another Chinese steelmaking hub at Handan, with the elimination of obsolete output facilities. …

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