Tag archives: IO

Daily Virtual Steel Mill Report 22/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF indicated that Asian central banks would think about incease interest rate if inflation failed to reach the target rate in 2023. • U.S. Manufacturing PMI reached 47.8 in February, up from 46.9 in January, refreshed a four-month-high.   Iron Ore Key Indicators: • Platts62 …

Continue reading “Daily Virtual Steel Mill Report 22/02/22”

Iron Ore DCE May23 Daily Technical Review 21/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract extended growth and refreshed listed high. Hourly slow stochastic KD entered overbought area. Hourly CCI fell from bullish territory to neutral area. Hourly MACD widened in bullish territory. Iron ore was in an accelerating growth mode. Be aware of the taking gains and high changing hands …

Continue reading “Iron Ore DCE May23 Daily Technical Review 21/02/22”

Daily Virtual Steel Mill Report 21/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The central bank of Germany indicated that Germany economy expected to recover in particular after the resilience growth rate of last Q4. However it would take more time to moderate high consumer price.   Iron Ore Key Indicators: • Platts62 $129.55, +2.25, MTD $124.94. Fixed …

Continue reading “Daily Virtual Steel Mill Report 21/02/22”