Category archives: Ferrous

Iron Ore Drops With Concerns About China’s Property Crisis 15/07/22

Iron Ore Under Pressure as China Property Contagion Fears Rise   Iron ore stayed around $100 a ton after sinking Thursday, with the steep drop triggered by long-term pressures on China’s steel industry and homebuyers there boycotting mortgage payments, roiling the property market. Futures plunged almost 8% in Singapore Thursday to the lowest since late …

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Iron Ore DCE September Daily Technical Review 14/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September closes lower than yesterday, however settlement price was slightly higher than yesterday. Iron ore prices was snapped by the significant new sellers entering during the last ten minutes. Intra-day correction tested strong support around 603 – 703.5. A breakdown on this area would potentially …

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Daily Virtual Steel Mill Report 14/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. CPI refreshed 40 -year-high at 9.1%, last 8.6%, est. 8.8%. However U.S. president Joseph Biden believed that the oil price has fallen recently, which yet to reflect in the inflation statistics. • Goldman Sachs expected copper average price at $6700/mt, $7600/mt and $9000/mt in …

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