Category archives: Ferrous

Iron Ore Rebounded After Xi Pledged To Achieve Economic Goals 24/06/22

Iron Ore Rebounds After Xi Pledges to Meet Economic Growth Goal   Iron ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s leader re-iterated the country’s “social and economic development targets” at a business forum …

Continue reading “Iron Ore Rebounded After Xi Pledged To Achieve Economic Goals 24/06/22”

Iron Ore DCE September Daily Technical Review 23/06/22

Verdict – Short-term neutral.   DCE iron ore September contract terminated previous 12-day loss by 26.32% since June 7th. However it is worth noting that the daily rebound yet to recover the last single day slump yesterday . The recent mid-run resistance at 790.5 yuan, which was the upper bound of previous gap. 728.5 shift …

Continue reading “Iron Ore DCE September Daily Technical Review 23/06/22”

Daily Virtual Steel Mill Report 23/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. May CPI up 9.1%, est. 9.1%, refreshed the highest since 1982. May CPI up 0.7% from April.   Iron Ore Key Indicators: • Platts62 $109.40, -6.50, MTD $133.82. Float base iron ore premium dropped massively from $2.8 to $0.45 over the last ten trading …

Continue reading “Daily Virtual Steel Mill Report 23/06/22”