Category archives: Products

Iron Ore DCE September Daily Technical Review 01/08/22

Verdict – Short-term neutral.   DCE iron ore Sep22 are rolling to Jan23, expected to finish within the week. Thus, it should be hard for September contract to attract more new buyers in the aftermarket. The contract was hit shortly after refreshing new high of the month. Hourly MACD maintained weak. Hourly slow stochastic KD …

Continue reading “Iron Ore DCE September Daily Technical Review 01/08/22”

Daily Virtual Steel Mill Report 01/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China PM Li Keqiang held conference after the political conference held last week to promote investment and consumption, including acceleration on local debts, investment projects in the central budget, automobile consumption, green energy home appliances and green building materials. • China July PMI …

Continue reading “Daily Virtual Steel Mill Report 01/08/22”

Libya’s Oil Output Returns To Pre-Blockade Level 01/08/22

Libya’s Oil Production Recovers to Pre-Blockade Level   Libya’s crude output has rebounded to its early April levels, the OPEC member’s oil minister said, in an increase that could help cool a jittery global oil market. Output has climbed to 1.2 million barrels per day, Oil Minister Mohamed Oun said in a telephone interview. The …

Continue reading “Libya’s Oil Output Returns To Pre-Blockade Level 01/08/22”