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Monthly archives: March 2024
Iron Ore DCE May24 Daily Technical Review 01/03/24
Verdict- Neutral to Bearish. DCE May24 contract moved in narrow range during most time of day, however tanked during last half hour, which resulted in a dead cross from hourly MACD, slow stochastic KD and a sharp drop on CCI to bearish territory. The last half hour drop attracted increasing volume. Iron ore will test …
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Daily Virtual Steel Mill Report 01/03/24
Verdict: • Short-run Neutral. Macro: • According to China National Bureau of Statistics, China produced 1.019 billion tons of crude steels in 2023, unchanged from 2022. China produced 1.36 billion tons of finished steels, up 5.2% on the year. China produced 4.71 billion tons of coals, up 3.0% on the year. • One of …