Monthly archives: September 2022

Iron Ore DCE January Daily Technical Review 07/09/22

Verdict – Short-term neutral.   DCE iron ore January contract was rejected by important resistance level at 700.0 yuan for consecutive three trading days. However the contract was also supported by important support level at 675.0. Thus, iron ore would remain in narrow area if failed to break the boundary area from 675.0 – 700.0 …

Continue reading “Iron Ore DCE January Daily Technical Review 07/09/22”

Daily Virtual Steel Mill Report 07/09/22

Market Verdict on Iron Ore： • Neutral.   Macro • British new PM Elizabeth Truss said that she will prioritise economic growth, tackling energy crisis and improving access to health service. • From January to August, China imported 723 million tons of iron ores, down 3.1% on the year. China imported 61.33 million tons of …

Continue reading “Daily Virtual Steel Mill Report 07/09/22”