Monthly archives: February 2023

Iron Ore DCE May23 Daily Technical Review 24/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low however backed by major support above 900.0. Hourly MACD maintained in bearish territory. Houlry CCI returned from bearish territory to neutral area. A breakdown on 900.0 by closing in future trading days would indicate a mid-run reversal. Otherwise iron ore would potentially maintain watch-and-see …

Continue reading “Iron Ore DCE May23 Daily Technical Review 24/02/22”

Daily Virtual Steel Mill Report 24/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. jobless claims fell to unexpected 192,000, estimated 200,000. Iron Ore Key Indicators: • Platts62 $130.20, -0.40, MTD $125.99. Fixed price still dominate the market in current two weeks. The import margin vanished again for mid-grade and high grade as the quick push on iron …

Continue reading “Daily Virtual Steel Mill Report 24/02/22”