Monthly archives: June 2022

Iron Ore DCE September Daily Technical Review 07/06/22

Verdict – Short-term neutral to bearish.   As expected from previous technical report, DCE iron ore September contract test high and corrected back after rejected by last 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 07/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • Global May PMI 53.5%, up 0.3% from April, terminated the two consecutive decrease on monthly basis. • BOFA predicted that ECB rate hike by 150 bps, including 50 bps increase in both July and September. Previous prediction was 100 bps hike.   Iron Ore Key …

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