Tag archives: IO

Daily Virtual Steel Mill Report 21/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • The Presiden of Indonesia, Joko Widodo, said that his country would stop exporting refined copper, because this metal would be processed into cathode copper domestically. It is understood that Free economic zone Indonesia and Amman Mineral Internal will complete the construction of smelters next year, …

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Iron Ore DCE September23 Daily Technical Review 20/06/23

Verdict- Neutral. DCE Sep23 contract corrected for the second trading day. A further breakdown on 799.0 potentially drive iron ore to a correction. Hourly MACD stayed in bearish area for 90% of times from June 9th. Hourly CCI rebounded from bearish territory to neutral area. Short-run technical was indicating a neutral sentiment at the moment. …

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Daily Virtual Steel Mill Report 20/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • China 1-year length and 5-year length Loan Prime Rate down 10 bps, previously maintained unchanged for 9 months. • China NBS: China produced 16,613 units of excavators, down 25.9% on the year. Total produced 117,524 units of excavators, down 17.8% on the year.   Iron …

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Iron Ore DCE September23 Daily Technical Review 19/06/23

Verdict- Neutral. DCE Sep23 contract corrected the growth of Friday. As expected, iron ore in DCE maintained a neutral sentiment during the past four trading days. The periodic high became the first resistance level. The first support at 802.0 became a neckline level from hourly chart. Hourly MACD widened in bearish territory. Hourly CCI approached …

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