Category archives: Products

Iron Ore DCE September Daily Technical Review 28/06/22

Verdict – Short-term neutral.   DCE iron ore September contract broke important previous resistance around 790.0 level, which was a upper boundary of a gap. Be aware that aggregated open interest level was still running at three-year high. Gains taking on both sides could trigger a big intra-day level movement. Previous resistance790.0 became the first …

Continue reading “Iron Ore DCE September Daily Technical Review 28/06/22”

Daily Virtual Steel Mill Report 28/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • During the first five months of 2022, Chinese industrial enterprises above designated scale reached 3.44 trillion yuan, up 1% on the year. Jan- Apr growth was 3.5%. The revenue growth reached 6.8% on the year.   Iron Ore Key Indicators: • Platts62 $119.60, +4.60, MTD …

Continue reading “Daily Virtual Steel Mill Report 28/06/22”

Oil Extends Gains As Major Producers Have No Spare Capacity 28/06/22

Oil extends gains as major producers flag capacity limits   Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while political unrest in Libya and Ecuador added to those supply concerns. U.S. West Texas Intermediate (WTI) …

Continue reading “Oil Extends Gains As Major Producers Have No Spare Capacity 28/06/22”