Monthly archives: May 2022

Iron Ore DCE September Daily Technical Review 13/05/22

Verdict – Short-term neutral.   DCE iron ore September contract as expected maintained a wide-range movement during the week. If a breakthrough on 839.0 with growing volume, iron ore will potentially enter an accelerated rebound phase. Otherwise, a breakdown on important level from 780.0 – 783.0 would indicate a return to bear. Hourly MACD created …

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Daily Virtual Steel Mill Report 13/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • The US Senate on Thursday approved Powell’s second four-year term as the chairman of Federal Reserve. Powell reiterated his expectation that the Fed would raise interest rates by 50 basis points in the next two FOMC meetings, and promised to take more actions if the …

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Daily Capesize Review 12/05/22

Capesize freight rates booked gains despite a late selloff session, as trade participants engaged in profit-taking activities. The Capesize 5 time charter average, then rose by $1,734 day-on-day to $32,885 on Thursday, after a choppy session. The Baltic Dry Index (BDI) then rose by $65 day-on-day, or up 2.13% day-on-day to $3,117, due to better …

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