Monthly archives: February 2023

Iron Ore DCE May23 Daily Technical Review 10/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract consolidated in narrow range during the day. Hourly MACD and slow stocahstic KD both indicated the price was moving in random pattern. The high was resisted below 870.5 level, indicated a strong short-run resistance at this level. Iron ore in short-term potentially maintain consolidation. The first …

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Daily Virtual Steel Mill Report 10/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China NDRC held meeting to improve price stablisation in 2023, including strengthening supply, enhancing price mechanism and increasing effective price management.   Iron Ore Key Indicators: • Platts62 $125.50, +2.60, MTD $124.61. Recently BHP sold few laycans of JMBF at IODEX March Index and a …

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