Tag archives: IO

Daily Virtual Steel Mill Report 12/03/24

Verdict: • Short-run Neutral.   Macro: • The State Administration of Financial Supervision of China is researching to reduce the down payment of purchasing passenger cars and further optimise the pricing mechanism of new energy vehicles. • US whitehouse expected a slow down on economy growth with stubborn inflation, and predicted CPI growth by 2.9% …

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Iron Ore DCE May24 Daily Technical Review 11/03/24

Verdict- Neutral to Bearish. DCE May24 contract saw two major corrections during last few minutes on Friday and Asian afternoon session on Monday respectively. The correction was not over for mid-run as expected from previous reports. However, if iron ore recover the upside of the gap at 856.0, it will indicate a short-run stablisation. Otherwise …

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Daily Virtual Steel Mill Report 11/03/24

Verdict: • Short-run Neutral.   Macro: • The US February non-agricultural payrolls up 275,000, however the labor market potentially hide the softening, given a 3.9% increase on jobless rate. • China NBS announced that the February CPI up 0.7%, higher than 0.3% estimated by Reuters. The fast growth ended the four consecutive decrease and created …

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