Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 31/03/22

Verdict- Neutral in Short-run. DCE May23 contract rolled late compared with same period over past few years, indicating there are still conflictions between long and short camps. The price level saw exhaustion today. Thus, the verdict was changed from bullish to neutral, considering May23 is less likely to trade in extreme level in the limited …

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Daily Virtual Steel Mill Report 31/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China PM Li Qiang stated that the economic performance in March was better than that in January and February. The main economic indicators were improving, including consumption, investment, employment, and prices. The government will introduce new policies and measures to support business development. • International …

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Daily Virtual Steel Mill Report 30/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • World Bank: Global economy growth rate potentially drop to the slowest since 2000, average growth rate at 2.2% from 2023 to 2030.   Iron Ore Key Indicators: • Platts62 $125.10, +1.40, MTD $127.00. The iron ore market was back to normal as the risk appetite …

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