Tag archives: IO

Daily Virtual Steel Mill Report 09/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. last week jobless claims filed at 230,000, est. 230,000, last 225,000. • China November CPI up 1.6%, last 2.1%. China November PPI down 1.3%, down 1.3% last.   Iron Ore Key Indicators: • Platts62 $110.70, +3.25, MTD $107.98. Brazil northern system rainy weather potentially …

Continue reading “Daily Virtual Steel Mill Report 09/12/22”

Iron Ore DCE May23 Daily Technical Review 08/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract recovered major loss created yesterday. Thus, iron ore return to consolidation trend in high area. Hourly MACD potentially create gold cross. Hourly CCI entered bullish territory. Hourly slow stochastic KD rebounded after created a gold cross. A recovery on 799.5 level would confirm an official return …

Continue reading “Iron Ore DCE May23 Daily Technical Review 08/12/22”

Daily Virtual Steel Mill Report 08/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China state council published new measures on the pandemic control, which require no PCR test to public areas except schools, hospital and some densely populated areas. Travelling persons are not required to provide PCR test results and new tests. • Canada central bank would raise …

Continue reading “Daily Virtual Steel Mill Report 08/12/22”