Monthly archives: July 2023

Iron Ore DCE September23 Daily Technical Review 21/07/23

Verdict- Neutral. DCE Sep23 contract tested high and corrected approaching the level of last closing. Iron ore was rejected by 851.5-854.5 area for four trading days out of the last six trading days. A breakthrough of this area potentially accelerates the rebound, with previous buyers cut loss. However, the market saw exhaustion on the current …

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Daily Virtual Steel Mill Report 21/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • Bloomberg: major economists believed that the next interest rate increase would ended 16 months interest hike. • Platts62 $116.25, +2.25, MTD $111.87. Seaborne market became quiet during the past two days. There was secondary trade on PBF at $1.1 based on August Index. Be aware …

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