Category archives: Products

Iron Ore DCE January Daily Technical Review 29/9/22

Verdict – Short-term neutral.   DCE iron ore January contract tested high an retreated in the afternoon, as expected neutral outlook in short-run. However intra-day volume grew, and the trade range was wider compared with last trading day. Hourly MACD narrower in bullish area. Technical signals were indicating a neutral sentiment in short-run.   The …

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Daily Virtual Steel Mill Report 29/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro： National conference from CFXC(China Foreign Exchange Commission) mentioned to stablise foreign exchange market, prevent Chinese yuan from sharp rise or fall. Previously Japan started to release 3.6 trillion Yen to slow down the fast depreciating Yen.   Iron Ore Key Indicators: Platts62 $99.60, +0.85, MTD …

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Hurricane Ian Shuts In 9% Of US Gulf Oil Output 29/09/22

US offshore operators shut 9pc of Gulf of Mexico oil production, a slight decrease from yesterday’s 11pc, as Hurricane Ian came ashore on Florida’s west coast as a category 4 storm.   About 157,700 b/d of offshore oil output was off line as of 12:30pm ET, according to the Bureau of Safety and Environmental Enforcement …

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