Monthly archives: June 2022

Iron Ore DCE September Daily Technical Review 23/06/22

Verdict – Short-term neutral.   DCE iron ore September contract terminated previous 12-day loss by 26.32% since June 7th. However it is worth noting that the daily rebound yet to recover the last single day slump yesterday . The recent mid-run resistance at 790.5 yuan, which was the upper bound of previous gap. 728.5 shift …

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Daily Virtual Steel Mill Report 23/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. May CPI up 9.1%, est. 9.1%, refreshed the highest since 1982. May CPI up 0.7% from April.   Iron Ore Key Indicators: • Platts62 $109.40, -6.50, MTD $133.82. Float base iron ore premium dropped massively from $2.8 to $0.45 over the last ten trading …

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