Monthly archives: June 2022

Iron Ore DCE September Daily Technical Review 08/06/22

Verdict – Short-term neutral to bearish. As expected from previous two technical reports, DCE iron ore September contract test high and corrected back after rejected by previous high at 948.0. The return to bull needs to see changing hands, because aggregated open interested has reached the two-year high, indicating new long positions need to confirm …

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Daily Virtual Steel Mill Report 08/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • World Bank decreased global economy growth rate by 1/3 to 2.9%. The institute indicated that the growth rate in 2023 and 2024 potentially stay on this level. • Russia is recovering oil export from the port Kozmino by 20%, to satisfy demand from Asian buyers …

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