Tag archives: IO

Daily Virtual Steel Mill Report 05/07/23

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • The Manufacturing PMI in June reached 53.9, down 3.2 from last month. The index maintained above boom and bust line for consecutive six months.   Iron Ore Key Indicators: • Platts62 $110.50, -0.05, MTD $110.53. The BRBF source became tight in the next …

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Daily Virtual Steel Mill Report 03/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • The U.S. Markit Manufacturing PMI in June was 46.3, est. 46.3, last 48.4. Eurozone Manufacturing PMI 43.4, est. 43.6, last 43.6.   Iron Ore Key Indicators: • Platts62 $110.55, -1.05, MTD $110.55. Tangshan restriction official carried out, limited trading activities observed on Chinese ports and …

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Iron Ore DCE September23 Daily Technical Review 03/07/23

Verdict- Neutral to Bearish. DCE Sep23 contract corrected slightly during the trading day. The intra-day support was on 814.0, observed from hourly candles. The periodic resistance was on 830.0 level, price accelerated correction after a rejection. Hourly slow stochastic KD deepened correction. Hourly CCI left bearish territory to neutral area. First support 800.0. First resistance …

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