Tag archives: IO

Daily Virtual Steel Mill Report 29/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China BO’AO Asian Forum expected Asian countries potentially contribute a 4.5% GDP growth in 2023.   Iron Ore Key Indicators: • Platts62 $123.7, +2.05, MTD $127.10. The iron ore market was back to normal as the risk appetite shift back. Physical trades on both float …

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Iron Ore DCE May23 Daily Technical Review 28/03/22

Verdict- Bearish in Short-run. DCE May23 contract re-entered bullish trend in short-run, as daily successfully broke important resistance at 883.0 and closed on 1 yuan below. Iron ore largely break the resistance again in the next session and approach 900.0. Hourly slow stochastic KD entered over-bought area. Hourly CCI entered bullish territory. Hourly MACD moved …

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Daily Virtual Steel Mill Report 28/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China Jan-Feb industrial net income above designated scale reached 887.21 billion yuan, down 22.9% on the year • U.S. Insurance company FDIC said that First Citizens Bank & Trust Co. would take over all deposits and loans from Silicon Valley Bank (SVB), which may ease …

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