Monthly archives: October 2022

Iron Ore DCE January Daily Technical Review 11/10/22

Verdict – Short-term neutral. DCE iron ore January contract corrected massively and broke important support area from 728.0 -735.0 with increasing volume, which was bigger than last two trading days. The short-run intra-day support fell on 716.5- 717.0, however mid-run support on 700.0. Iron ore currently terminate the mid-run rebound, however maintain range bound from …

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Daily Virtual Steel Mill Report 11/10/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Chicago Federal official Charles Evans indicated that extra supply-chain interactions were not an issue when the unemployment rate was around the same low level in 2019, with less inflationary impact. Evans believed that if this steeper-than-usual Phillips curve is generating much of the …

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South African Kumba Iron Ore Delivery Distrupted On Rail Issue 11/10/22

S African Kumba iron ore volumes may fall on rail issue   South African logistic utility Transnet’s force majeure declaration has disrupted shipments from UK-South African miner Anglo American’s Kumba iron ore operations in South Africa.   Kumba received a notice of force majeure from Transnet on 7 October because of strike action by Transnet’s …

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