Category archives: News

Daily Virtual Steel Mill Report 20/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • Bloomberg: China mulls mortgage easing to spur home purchases in Tier I cities including Beijing and Shanghai.   Iron Ore Key Indicators: • Platts62 $114.00, -1.85, MTD $111.53. The seaborne iron ore suddenly muted yesterday after a big day before, indicating that the market yet …

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Iron Ore DCE September23 Daily Technical Review 19/07/23

Verdict- Neutral. DCE Sep23 contract gave back all gains on last trading day, as expected the iron ore traded in rangebound however returned to the level at last Thursday. Hourly CCI left bearish territory and entered neutral area. Hourly MACD widened in bearish territory. A breakdown on 830.5(neckline level) would confirm entrance of mid-run correction. …

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Daily Virtual Steel Mill Report 19/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • JPM said that the China housing turmoil raised chance for lower down payment ratios. Previously, the huge debt default risk in Evergrande failed analysts expectations.   Iron Ore Key Indicators: • Platts62 $115.85, +0.80, MTD $111.33. The seaborne trade refreshed the most active day of …

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