Monthly archives: September 2022

Iron Ore DCE January Daily Technical Review 21/09/22

Verdict – Short-term neutral.   DCE iron ore January contract tested low and recovered as expected with expanding volunme. However iron ore needs to test the effectiveness of major support at 700.0 level. Hourly CCI moved from bearish territory to neutral area. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were …

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Daily Virtual Steel Mill Report 21/09/22

Market Verdict on Iron Ore： Neutral.   Macro European Central Bank President Lagarde is expected to further increase interest rates. ECB indicated that the inflation prospect will determine the terminal point of interest rate. Canada August CPI up 7% on the year, lower than 7.6% in July, lower than estimated 7.3%. Japan core CPI up …

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Australia BHP Coal Mine Workers Set To Vote On Strike 21/09/22

BHP coal mine workers in Australian state set to vote on industrial action   Workers at four mines of the BHP Mitsubishi Alliance (BMA), which owns Australia’s largest metallurgical coal fields, will vote on strike action over working conditions and job security, their union said on Wednesday. The possibility of industrial action at some sites …

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