Monthly archives: September 2022

Iron Ore DCE January Daily Technical Review 15/09/22

Verdict – Short-term neutral.   DCE iron ore January contracted consolidated as expected yesterday. Iron ore tested high and low with wider range. 15 minutes slow stochastic KD created gold cross above oversold area. 15 minutes level MACD narrowed below 0 axis. 710.5-713.5 provided significant support in short-run from hourly chart.   The first support …

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Daily Virtual Steel Mill Report 15/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro: The Muifa Typhoon entered inland China, while Chinese eastern ports area recovered normal operation after stopped for two days because of Typhoon and heavy rains. U.S. August PPI up 8.7%, est. 8.8%, last 9.8%. U.S. five-year T-bond yield refreshed highest since 2008 at 3.62%. Chinese …

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Rio Tinto And Baowu Agree To Form Joint Venture With Pilbara Iron Ore Project 15/09/22

Rio Tinto, Baowu Joint Venture to Enhance Iron Ore Supply   Rio Tinto Group’s joint venture with China Baowu Steel Group Corp. to develop a new mine in Western Australia’s Pilbara region is set to longer-term iron ore supply.   The $2 billion Western Range mine is expected to come online in 2025. Its projected …

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