Tag archives: IO

Iron Ore DCE May Daily Technical Review 16/12/20

Verdict – Short-term neutral.   DCE iron ore May consolidate and rebound during the day with unchanged both on open interest and volume. Iron ore during the day tested high and low at 1017.0 and 985.5 respectively. However major time consolidated around 1000.0. From hourly chart KD created gold cross yesterday morning and flattened during …

Continue reading “Iron Ore DCE May Daily Technical Review 16/12/20”

DCE rises despite mixed market indicators

Iron ore futures inched closer to the $1,000/mt mark, due to good industrial output indicator from China, despite lower crude steel production recorded in November. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 1.48% day-on-day or RMB 14.50 to RMB 994/mt on Tuesday. The steel rebar contract on …

Continue reading “DCE rises despite mixed market indicators”

DCE starts the week on slower pace

Iron ore futures closed lower at the start of the week, after a high opening but only to slid at the afternoon trading session later. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then dropped by 3.21% day-on-day or RMB 32 to 966/mt on Monday, dipping after record-high rally last week. The steel rebar …

Continue reading “DCE starts the week on slower pace”

Record-high iron ore prices result in lower trade volume

A total of 180,000 mt of iron ores was traded for the week ended Dec 11, down almost 80.54% week-on-week, as compared to 925,000 mt of iron ore traded last week. The week also seen iron ore prices soaring to record-high level toward $160/mt in the matter of days, which led some market experts to …

Continue reading “Record-high iron ore prices result in lower trade volume”