Category archives: Ferrous

Daily Virtual Steel Mill Report 30/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • Market expected that the new emerging potentially start interest cut this year.   Iron Ore Key Indicators: • Platts62 $104.45, +2.00, MTD $105.29. The seaborne inquiries became active because of the recovery of import margins. MACF traded at $100.7, increased by near $7 compared to …

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Iron Ore DCE September23 Daily Technical Review 29/05/23

Verdict- Neutral to bullish. DCE Sep23 contract rebounded during the trading day, which was also supported above 700.0 level. Hourly slow stochastic KD created a fast rebound and entered overbought area. Hourly MACD entered bullish territory. If a breakthrough on 733.0 would potentially accelerate the current upward movement. First support 700.0. First resistance 733.0.  

Daily Virtual Steel Mill Report 29/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • US House Speaker Kevin McCarthy stated that the White House and Republican have reached an agreement in principle on the debt ceiling. • From January to April, China industrial enterprises value added amount down 20.6% on the year.   Iron Ore Key Indicators: • Platts62 …

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