Tag archives: IO

DCE defies gravity with bullish run

Iron ore futures continued their gravity-defying act for another record-breaking run, fueled by speculative trading and robust steel demand in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) broke new record with a daily gain of 9.68% to RMB 1,144.50/mt on Monday. The steel rebar contract on the Shanghai Futures …

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Daily Ferrous Physical Review Dec 21st

Ferrous Market –    Municipality of Brumadinho, Minas Gerais,have suspended for 7 days, or until the facts of the December 18 accident are clarified.A Vale miner Corrego do Feijao landslide in 18th caused 1 death. However Vale claimed the impact is not included in the production target since this miner is closed after the dam collapse …

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Iron Ore DCE May Daily Technical Review Dec 21st

Verdict – Short-term neutral to bullish. DCE iron ore continued the market squeeze and the intra-day high was only 50 cents from limit up. Both SHFE rebar and SHFE HRC reached limit up. A stand on the upper side of the gap at 1100.0 from hourly chart would indicate iron ore potentially maintain strong. The …

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Another bullish week for iron ore

A total of 830,000 mt of iron ores was traded for the week ended Dec 18, almost thrice of the trade volume recorded last week at 180,000 mt. Iron ore prices continued the rally seen last week with price touching near the $160/mt mark, which resulted some buyers to procure from cheaper portside stocks instead. …

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