Category archives: Products

Iron Ore DCE January Daily Technical Review 16/08/22

Verdict – Short-term neutral.   DCE iron ore January successfully broke the neckline level at 713.5 recovered most of loss from last trading day. Thus, iron ore return to neutral level. Hourly slow stochastic KD created a gold cross. Hourly MACD potentially create gold cross. Technical signals were indicating a neutral sentiment.   The first …

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Daily Virtual Steel Mill Report 16/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese central bank PBOC lowered one-year length Medium Lending Facility rate from 2.85% to 2.75%. Market expect Loan Prime Rate in China should follow the decrease soon. • NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was …

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BHP Cuts Investment In Australian Coking Coal Business 16/08/22

Australian resources firm BHP has cut all investment in its Queensland coking coal business, in response to the state government’s coal royalty rate increase and China’s continuing ban on imports of Australian coal. “We are not going to deploy any major capital into the Queensland coal business following the change in the Queensland royalties,” BHP …

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Russia ‘s Oil Export Duty To Decline In September 16/08/22

Russia’s oil export duty to fall to $52 per tonne in September   Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.   Retrieved from: https://www.reuters.com/business/energy/russias-oil-export-duty-fall-52t-sept-finance-ministry-2022-08-15/