Category archives: Products

Iron Ore DCE September Daily Technical Review 23/06/22

Verdict – Short-term neutral.   DCE iron ore September contract terminated previous 12-day loss by 26.32% since June 7th. However it is worth noting that the daily rebound yet to recover the last single day slump yesterday . The recent mid-run resistance at 790.5 yuan, which was the upper bound of previous gap. 728.5 shift …

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Daily Virtual Steel Mill Report 23/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. May CPI up 9.1%, est. 9.1%, refreshed the highest since 1982. May CPI up 0.7% from April.   Iron Ore Key Indicators: • Platts62 $109.40, -6.50, MTD $133.82. Float base iron ore premium dropped massively from $2.8 to $0.45 over the last ten trading …

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Russia Eyes Africa And Middle East As New Fuel Markets 23/06/22

Russia seeks new fuel markets in Africa, Middle East as Europe turns away   Russia is increasing gasoline and naphtha supplies to Africa and the Middle East as it struggles to sell fuel in Europe, while Asia is already taking bigger volumes of Russian crude, Refinitiv Eikon data showed and sources said. The development is …

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