Tag archives: IO

Daily DCE Review 3/8/21

Iron ore futures rebounded from previous slump and gained higher upon market expectation of less stricter output curbs and lower iron ore shipments from suppliers. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.97% day-on-day or up RMB 20.50 to RMB 1,062.50/mt, during the day trading session on Tuesday. …

Continue reading “Daily DCE Review 3/8/21”

Daily DCE Review 2/8/21

Iron ore futures dipped slightly at the start of the new month, following market bearish sentiments on lower steel demand and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.85% day-on-day or down RMB 9 to RMB 1,054/mt during the day trading session on Monday. The rebar …

Continue reading “Daily DCE Review 2/8/21”

Iron Ore DCE Sep Daily Technical Review 2/8/21

Verdict – Short-term neutral, slow down on correction. DCE iron ore September recover after a huge correction, as expected last Friday. Hourly MACD potentially create a gold cross. Hourly slow stochastic KD potentially rebound from oversold area. Hourly CCI created a multiple bottom areas and rebound to neutral area. Technical signals were indicating an oversold …

Continue reading “Iron Ore DCE Sep Daily Technical Review 2/8/21”

Daily Virtual Steel Mill Report 2/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run oversold, potential to maintain rebound and test high. Macro ·         China political conference required to maintain commodity price stable. China central bank propose to maintain a stable monetary in the second half year of 2021. ·         Jiangsu closed 55 highway exits and entrances because of the …

Continue reading “Daily Virtual Steel Mill Report 2/8/21”