Daily Virtual Steel Mill Report 14/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. CPI up 0.1% in November on the month, estimated up 0.3%, last 0.4%. November CPI up 7.1% on the year, created the smallest single month increase since December 2021, est. 7.3%, last 7.7%. November PCE up 6% on the year, est. 6.1%, last 6.3%. …

Iron Ore DCE May23 Daily Technical Review 13/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low at 789.0, recovered loss and returned to neutral rangebound. The next resistance 823.0 used to be a roof area to reverse iron ore bullish market last time. Hourly slow stochastic KD created gold cross above 0 axis. Hourly MACD narrowed in bearish territory. The …

Daily Virtual Steel Mill Report 13/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • EU planned to impose import tariffs on carbon emissions on steels, cements and polluted commodities, to support the European industries. • China PBOC(central bank): November social financing 1.99 trillion yuan, down 610.9 billion yuan on the year. M2 money supply remains at 264.7 trillion yuan, …