Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 03/08/22

Verdict – Short-term neutral.   DCE iron ore September gave back the last rebound, currently maintaining in the area from 768.0 – 817.5. A breakthrough out of this band would indicate a potential to create a direction. Otherwise, iron ore potentially exhaust and move in narrower range. Hourly MACD narrowed below 0 axis. Hourly slow …

Continue reading “Iron Ore DCE September Daily Technical Review 03/08/22”

Daily Virtual Steel Mill Report 03/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. Federal pushed back against a narrative that policy makers are envisioning a pivot away from tightening. Four Federal distinct-bank presidents highlighted in remarks on Tuesday that there was no sign yet of inflation easing. • China July Machinery Index 96.55, down 12.18% on the …

Continue reading “Daily Virtual Steel Mill Report 03/08/22”

Daily Virtual Steel Mill Report 02/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • China MIIT calculated the scrap input ratio in steelmaking reaching 15%, accounting for 180 million tons in 2025. In 2030, the ratio expected to reach 20%. • China Caixin Manufacturing PMI in July 50.4, 1.3 lower than June. U.S. Markit Manufacturing PMI 52.2, est. 52.3, …

Continue reading “Daily Virtual Steel Mill Report 02/08/22”