Monthly archives: March 2022

Iron Ore DCE September Daily Technical Review 28/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract rebounded as expected last Friday. However the verdict changed to neutral during the last few hours after seeing exhaustions on multiple signals. The intra-day trading volume expanded with slight decreased open interest. Hourly CCI correct from the bullish territory to neutral area. Hourly MACD narrowed above …

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Daily Virtual Steel Mill Report 28/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • German February PPI increased by 25.9% y-o-y, created the fastest growth from the year 1949, due to the massive increase on energy prices.   Iron Ore Key Indicators: • Platts62 $150.80 (+4.45), MTD 149.86. Iron ore portside and seaborne both saw much higher offers on …

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