Tag archives: IO

Iron Ore DCE January Daily Technical Review 25/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. For many times, iron ore spiked during the last hour, approaching the half-year high at 757.5. Iron ore returned to the ascending trend. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD approached overbought area. Hourly CCI created the highest …

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Daily Virtual Steel Mill Report 25/11/22

Market Verdict on Iron Ore： • Neutral.   Macro: • ECB indicated at the monetary conference that the bank would consider to “pause” QT if see serious economy recession in long-run.   Iron Ore Key Indicators: • Platts62 $95.20, +1.00, MTD $91.42. The seaborne market saw less bids although macro environment recovered during last two …

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Daily Virtual Steel Mill Report 24/11/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China State Council proposed to increase financial support for the real economy, appropriately use monetary policy tools such as reserve ratio reduction in due time, and maintain sufficient liquidity. The meeting stressed that it is necessary to promote major projects to speed up capital payment …

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