Market Verdict on Iron Ore： · Neutral. Macro · G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: · Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …
Author archives: Hao Pei
Iron Ore DCE Jan Daily Technical Review 14/10/21
Verdict – Short-term neutral. DCE iron ore January contract maintained neutral in short-run after a round of rebound from late September. However iron ore potentially keep pushing if a new breakthrough on 748.0-753.5 area. Hourly KD created gold cross above oversold area. Hourly CCI rebounded stably. Technical signals were indicating the correction motivation was limited …
Continue reading “Iron Ore DCE Jan Daily Technical Review 14/10/21”
Daily Virtual Steel Mill Report 14/10/21
Market Verdict on Iron Ore： · Neutral. Macro · China September Total Social Financing reached 2.9 trillion yuan, est. 3.05 trillion yuan, last 2.96 trillion yuan. China September M2 Monetary supply up 8.3% y-o-y, est. 8.2%, last 8.2%. · U.S. president Biden announced the biggest ports in U.S., Los Angeles port and Long Island Port …
Iron Ore DCE Jan Daily Technical Review 13/10/21
Verdict – Short-term neutral to bearish. DCE iron ore January contract hourly chart started a new correction phase from July 11th in short-run. The correction potentially continuous and testing low in the coming trading sessions. Hourly MACD widened below 0 axis. Hourly CCI entered a bearish territory. In short-run a breakdown on 720.0 would potentially …
Continue reading “Iron Ore DCE Jan Daily Technical Review 13/10/21”
Daily Virtual Steel Mill Report 13/10/21
Market Verdict on Iron Ore： · Neutral. Macro · IMF decreased the global economy growth expectation and sent warning on stagflation. The global economy growth rate in July report decreased from 6% to 5.9% in the year 2021. The growth rate in the year 2022 expected at 4.9%. Iron Ore Key Indicators: · Platts62 $128.50, …
Weekly Virtual Steel Margin Report 12/10/2021
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Iron Ore DCE Jan Daily Technical Review 11/10/21
Verdict – Short-term bullish. DCE iron ore January contract maintained bullish during the day. Daily 5 day moving average, 10 day moving average and 20 day moving average have created two sets of gold cross, which reversed the previous bearish market to a rebound market. Hourly slow stochastic KD entered bullish territory. Hourly CCI entered …
Continue reading “Iron Ore DCE Jan Daily Technical Review 11/10/21”
Daily Virtual Steel Mill Report 8/10/21
Market Verdict on Iron Ore： · Bullish. Macro · U.S. increased 194,000 jobs in September, which was significantly below expectation around 500,000 jobs increase, previous number was increase by 235,000 jobs. · China PM Li Keqiang held conference to ensure the winter and early spring supply and coal and electricity. The conference widened the floating …
Iron Ore DCE Jan Daily Technical Review 29/9/21
Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected in last few days. However rejected by 705.5. The lower support of 661.5 was a strong support area. Hourly KD created gold cross. Hourly MACD created gold cross. Hourly CCI approached bullish territory. The next round of aggressive movement needs a …
Continue reading “Iron Ore DCE Jan Daily Technical Review 29/9/21”
Daily Virtual Steel Mill Report 29/9/21
Market Verdict on Iron Ore： · Neutral. Macro · According to the China National Bureau of Statistics, from January to August, industrial enterprises above designated size achieved a total profit of 5605.14 billion yuan, a year-on-year increase of 49.5%, an increase of 42.9% over January to August 2019, and an average increase of 19.5% over …