Category archives: Products

Iron Ore DCE September Daily Technical Review 16/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract picked up during the last half-hour before closing. The high of day was slight lower than the import resistance level at 839.0. From hourly chart, MACD narrowed above 0 axis. Hourly CCI created lower highs from May 11th. Iron ore needs to breakthrough …

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Daily Virtual Steel Mill Report 16/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • China lowered the mortgage rate for homebuyers and announced a phased reopening of shops in Shanghai due this Monday. The China Central Bank PBOC on Sunday cut the lower-bound range of mortgage interest rates from 4.6% to 4.4%. • IEA expected that the global crude …

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