Category archives: Ferrous

Daily Virtual Steel Mill Report 28/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • During the first five months of 2022, Chinese industrial enterprises above designated scale reached 3.44 trillion yuan, up 1% on the year. Jan- Apr growth was 3.5%. The revenue growth reached 6.8% on the year.   Iron Ore Key Indicators: • Platts62 $119.60, +4.60, MTD …

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A Room with a Technical View 27/06/22

Capesize July Futures – on the last report we noted that upside moves that failed at or below USD 35,505 will leave the futures vulnerable to further tests to the downside. The futures traded to a high of USD 32,750 before trading below the USD 26,500 and USD 23,625 support levels, to a low of …

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Iron Ore DCE September Daily Technical Review 27/06/22

Verdict – Short-term neutral. DCE iron ore September contract approached the previous gap from 779.0 – 790.0 area, a successful breakthrough on this area would confirm the effectiveness of a continious rebound. Hourly MACD flattened. Hourly slow stochastic KD flattened in high area. Hourly CCI potentially correct in bullish territory. Short-run technicals were indicating an …

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Daily Virtual Steel Mill Report 27/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • IMF decreased the U.S. economy growth rate from 3.7% to 2.9% in 2022, 2.3% to 1.7% in 2023. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and …

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