Category archives: Ferrous

Iron Ore DCE Sep24 Daily Technical Review 30/07/24

Verdict- Neutral. Iron ore closed 1.5 yuan/ton above last Friday. Hourly MACD narrowed above 0 axis. Hourly KD corrected from overbought area to neutral area. Iron ore potentially keep testing the resistance area from 784.0- 791.0 in next few sessions. A breakthrough on this area would indicate a reversal in mid-run. Otherwise iron ore maintain …

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Daily Virtual Steel Mill Report 29/07/24

Verdict: • Short-run Neutral.   Macro: • According to data from the China National Bureau of Statistics, from January to June, industrial enterprises above designated size in China achieved a total profit of 351.103 billion yuan, a year-on-year increase of 3.5%, with a growth rate 0.1% faster than from January to May period. Among them, …

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