Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 01/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded along with the strong recovery sentiment on macro market. However Jan23 contract reached a theoretical low in a range box. The intra-day reversal was supported by the low level of the range box. The intra-day block trades were majorly caused by long covering …

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Daily Virtual Steel Mill Report 01/11/22

Market Verdict on Iron Ore： • Neutral.   Macro: • Chinese October Manufacturing PMI 49.2, last 50.1. Non-manufacturing PMI 48.7, last 50.6. • Euro zone Q3 GDP growth rate 0.2% from Q2, est. 0.1%, last 0.8%. Eurozone October adjusted CPI up 1.5% on the month, est. 1.2%, last 1.2%. Eurozone October inflation rate refreshed highest …

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