Category archives: Ferrous

Daily Virtual Steel Mill Report 19/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Labor Department reported a big drop on jobless claims, by 22,000 files, refreshed the biggest decrease from November 20th. House sales in April down 3.4% on the year.   Iron Ore Key Indicators: • Platts62 $110.30, -0.70, MTD $106.75. Chinese ports maintained active trades. …

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Iron Ore DCE September23 Daily Technical Review 18/05/22

Verdict- Neutral to bullish. DCE Sep23 contract closed on the similar level to the open. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI entered neutral area from bullish territory. A breakthrough on 650 – 652.5 would confirm an intra-day acceleration on price movement. First support 733.0. First resistance 794.5.  

Daily Virtual Steel Mill Report 18/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • Eurozone April CPI up 7% on the year, estimated 7%. April CPI up 0.6% on the month, estimated 0.7%. Eurozone core CPI up 5.6% on the year, estimated 5.6%. • IIF indicated that global debt increased by 8.3 trillion dollars in the first three months …

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