Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 13/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected from last week. Iron ore traded with expanding volume compared to late half of last week with some previous taking gains investors leaving market. Hourly MACD corrected below 0 axis. Hourly slow stochastic corrected in line with iron ore prices after the last dead cross …

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Daily Virtual Steel Mill Report 13/06/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro • Shanghai financial department statistic indicated that 9472 enterprises above designated scale resumption rate reached 96%, utilisation rate reached 69%, up 20% from the first week of June. Daily electronic consumption up 5.6% last week, which was 86% during same period over last year. …

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POSCO Halts Some Plants Due To South Korea Trucker Strike 13/06/22

Top Steelmaker in South Korea Halts Production on Trucker Strike   South Korea’s top steelmaker Posco said it has halted output of some products as a prolonged strike by truck drivers adds more disruption to global supply chains.  The Pohang-based company stopped production at its four wire-rod factories and two cold-rolled steel plants as of …

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Iron Ore DCE September Daily Technical Review 10/06/22

Verdict – Short-term neutral to bearish.   Iron ore started to slowly head down after rejected on the strong resistance of 945- 948.0 during the week, DCE saw IO interest around two-year high. Maintaining the view from previous reports, it is hard to expect a big breakthrough given a limited amount of new buyers. Hourly …

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