Category archives: Ferrous

Daily Virtual Steel Mill Report 09/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. New York Federal survey indicated that the future three-year inflation expectation fell from 3.6% to 3.2%.   Iron Ore Key Indicators: • Platts62 $108.80, +1.85, MTD $108.98. The term contract discounts for FMG in August widened in August, however market participants indicated that the …

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Iron Ore DCE January Daily Technical Review 08/08/22

Verdict – Short-term neutral.   DCE iron ore January contract rebounded significantly during Friday night session, however stay flat during most time of Monday. The previous high at 745.0- 745.5 level provided effective resistance. Thus iron ore needs to breakthrough 745.0 with expanding volume to return to the fast rebound tunnel. Hourly slow stochastic potentially …

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Daily Virtual Steel Mill Report 08/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • EU started to ban Russian coals shipping from August 10th. • U.S. new added jobs in July created the biggest increase since February, which strengthened the expectation of 75 bps rate hike in September.   Iron Ore Key Indicators: • Platts62 $106.95, +3.15, …

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