Category archives: Ferrous

Daily Virtual Steel Mill Report 15/4/22

Market Verdict on Iron Ore： • Neutral.   Macro • China Central Bank held a press conference on financial statistics in the first quarter of 2022. Sun Guofeng, director of the Monetary Policy Department said that monetary policy tools such as RRR reduction should be used in a timely manner to further strengthen financial support …

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Iron Ore DCE September Daily Technical Review 14/4/22

Verdict – Short-term neutral. DCE iron ore September contract tested high and rejected by 909.0. Both trading volume and open interest were thin compared to last 5 trading days. From hourly chart, MACD created gold cross. Hourly slow stochastic KD also created gold cross above overbought area in late morning. Technical signaling a potential to …

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Daily Virtual Steel Mill Report 14/04/22

Market Verdict on Iron Ore： • Neutral.   Macro • China PM Li Keqiang presided over the executive meeting of the State Council, made timely use of monetary policy tools such as RRR reduction, further strengthened financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and …

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