Monthly archives: May 2022

Iron Ore DCE September Daily Technical Review 27/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebounded massively with narrowing volume, indicating market reversed to bullish sentiment after defend the 800- 806.0 level with significant huge volume yesterday. Hourly MACD increased above 0 axis. Hourly slow stochastic KD entered overbought area. Hourly CCI current moved in the bullish territory. Technical …

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Daily Virtual Steel Mill Report 27/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China Ministry of Commerce: at present, logistics disruption is gradually improving. Ensure domestic transportation of foreign trade goods and continue to alleviate the pressure of international logistics. • U.S. FOMC in May notes: most of the federal officials supported 50 basis points hike …

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Daily Capesize Review 26/5/22

Capesize freight rates continued to drop sharply, as shipping activities slowed down in Europe due to public holidays. The Capesize 5 time charter average, then fell by $4,229 day-on-day to $28,840 on Thursday, following the aggressive sell off in the session. The Baltic Dry Index (BDI) then dipped by $194 day-on-day, or down 6.20 % …

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