Tag archives: IO

Daily DCE Review 6/9/21

Iron ore futures fell on Monday, over market concerns of tightening steel outputs, despite better steel prices. The futures of Dalian Commodity Exchange (DCE) then slumped down by 6.65% day-on-day or RMB 51.50 to RMB 723/mt, during the morning trading session on Monday. The rebar futures, however went up by 1.71% day-on-day or RMB 92 …

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Iron Ore DCE Jan Daily Technical Review 6/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract slumped during the Asian day session. Iron ore re-entered into to falling tunnel. Jan-21 iron ore refreshed the lowest since listed. Daily CCI entered a bearish territory. Daily MACD created dead cross. Iron ore will continue to correct fast unless create a new platform …

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Daily Virtual Steel Mill Report 6/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. ·         U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …

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Daily DCE Review 3/9/21

Iron ore futures rebounded from previous slump on Friday day session, despite market sentiments were dampened by stringent output cuts. The futures of Dalian Commodity Exchange (DCE) then rose by 1.42% day-on-day or RMB 11 to RMB 786/mt, during the day trading session on Friday. The rebar futures also went up by 2.37% day-on-day or …

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Iron Ore DCE Jan Daily Technical Review 3/9/21

Verdict – Short-term neutral. DCE iron ore January contract created the second day of rebound, however resisted below 789.5, which was an important short-run resistance level. A breakthrough on this level would mean a continuous strong rebound. Hourly slow stochastic KD potentially enter an overbought area. Hourly CCI entered bullish territory and widened. Hourly MACD …

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FIS Singapore Iron Ore Derivatives Report 02/09/21

Iron Ore Market Update Market Commentary   Iron ore futures extended its slide below $140 as Beijing rolled out its production cuts plan further. Some steel mills in Guangxi and Sichuan province are ordered to stop operations by environmental inspections authority, according to Mysteel reports Guangxi as another major steel making region has ordered its …

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