Category archives: Products

Iron Ore DCE September Daily Technical Review 29/07/22

Verdict – Short-term neutral.   DCE iron ore September corrected with both decreasing open interest and volume. Thus, iron ore potentially faces a correction or consolidation. Hourly slow stochastic KD corrected to neutral area after a dead cross created in overbought area. Hourly MACD created dead cross.   The first support is 755.5. The first …

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Daily Virtual Steel Mill Report 29/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China and U.S. held tele-conference to discuss on the cooperation in economy development in future, and noted the tariff exemption to alleviate the inflation in U.S.   Iron Ore Key Indicators: • Platts62 $117.95, +6.90, MTD $106.86. The term contract discounts for BHP’s …

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China Plans To Issue 1 Trillion Yuan In Loans To Support Property Developers 29/07/22

China targets $148 bln in financing for cash-strapped developers – FT   China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as Beijing tries to revive the debt-stricken sector and relieve pressure on the economy. The People’s Bank of China (PBOC) …

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