Category archives: Ferrous

Daily Virtual Steel Mill Report 11/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China March CPI up 0.7% on the year, est. 1%, last 1%. China March PPI down 2.5%, est. down 2.5%, last down 1.4%.   Iron Ore Key Indicators: • Platts62 $119.65 +0.05, MTD $ 120.64. Market cooled down following the fair trading and speculation control …

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Iron Ore DCE September23 Daily Technical Review 10/04/22

Verdict- Neutral to Bearish in Short-run. DCE Sep23 contract corrected as expected from last report. A breakdown on 771.0 would accelerate correction. Hourly slow stochastic KD approached oversold area. Hourly CCI was in bearish territory. Hourly MACD was in bearish territory. Both short-run and mid-run signals were indicating a continious correction. First support 750.0. First …

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