Tag archives: CC

Daily Virtual Steel Mill Report 22/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China NBS June excavators produced 21,769 units, down 3.4% on the year(May down 30.4%). H1 produced 156,803 units, down 27.1% on the year. • European central bank decided to increase 0% interest rate by 50 bp, created the first interest rate hike in the past …

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Daily Virtual Steel Mill Report 21/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China July 1-year LPR at 3.7%, est. 3.7%, last 3.7%. 5-year LPR 4.45%, est. 4.45%, last 4.45%. • The European Central Bank is expected to raise interest rates for the first time in 11 years on July 21st. Market expect the interest hike would raise …

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Daily Virtual Steel Mill Report 20/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Russia expected to restart Nordstream I Natural Gas pipe on Thursday, with 40% capacity. • Eurozone June CPI up 8.6%, last 8.6%, est. 8.6%.   Iron Ore Key Indicators: • Platts62 $96.45, -4.45, MTD $107.61. Resurgence of Covid-19 spread in new areas of …

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A Room with a Technical View 18/07/22

Capesize August Futures – Technically bullish last week but buy-side momentum had stalled due to the lack of trend in the market, the futures traded below the base of the 3-river morning star pattern but held above the USD 25,437 support. Price has since traded above the USD 29,500 and USD 30,250 fractal resistance levels, …

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