Tag archives: IO

Daily DCE Review 5/5/21

Iron ore futures were muted following the week-long Labour Day holidays in China, though steel prices continued to climb on market optimism. Thus, the Tangshan billet prices maintained about the RMB 5,000/mt in early May and increased further by RMB 20 to RMB 5,060/mt on Wednesday.   Record high margins for HRC     China’s domestic …

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Daily DCE Review 4/5/21

Iron ore futures came to a standstill following holidays season in China, despite gains in steel billet prices. Tangshan billet prices then rose by RMB 30 on-day to RMB 5,040/mt on Tuesday, May 4 after billet prices stabilized under the RMB 5,000/mt level since end-April.   Billet margins soar to record high level     Chinese …

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Iron Ore DCE Sep Daily Technical Review 30/4/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract retreated as previous long taking gains before Labor Day holiday. However market needs further confirmation on the reversal, unless a breakdown on important support on 1083.0 level. Hourly slow stochastic KD narrowed near oversold area. Hourly CCI flattened. Technical signals were indicating the correction …

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Daily Virtual Steel Mill Report 30/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro： ·         U.S. Q1 GDP growth rate at 6.4%, higher than 6.1% expected. Iron Ore Key Indicators: ·         Platts62 $190.45, unch, MTD $179.29. Corex PBF yesterday traded with a $6 premium based on June Index, which was unchanged to the day before. However miner traded a …

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