Daily Virtual Steel Mill Report 23/12/21

Market Verdict on Iron Ore: • Neutral. Macro • World bank predicted China real GDP growth rate reach 8.0% in the year 2021 and 5.1% in the year 2022. • Clarkson statistic indicated that global fleet trades reached 45.07 million CGT, up 138% y-o-y, refreshed a 8-year record. Iron Ore Key Indicators: • Platts62 $122.60, …

Iron Ore Offshore Jan 22 Morning Technical Comment – 240 Min Chart 23/12/21

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Daily DCE Review 23/12/21

Iron ore futures continued to decline as steel demand slowed with market concerns over more output curbs toward the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.65% day-on-day or down RMB 4.50 to RMB 692.50/mt, during the day trading session on Thursday. The rebar futures, however, went …

Daily DCE Review 21/12/21

Iron ore futures slipped up after yesterday rebound amid market volatility, after restocking demand cooled down. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.43% day-on-day or down RMB 3 to RMB 693.50/mt, during the day trading session on Wednesday. The rebar futures, however, went down by 0.94% day-on-day or …