Tag archives: IO

Iron Ore DCE January Daily Technical Review 22/08/22

Verdict – Short-term neutral.   DCE iron ore January rebounded, however resisted by important neckline area at 700.0. Hourly MACD flattened above 0 axis. Hourly CCI decreased to bearish territory. Technical signals were indicating the price movement entered a consolidation period. However a breakthrough on 700.0 level would lead iron ore back to strong rebound …

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Daily Virtual Steel Mill Report 22/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese Loan Prime Rate at 1-year length cut 5 bps to 3.65%, 5-year length at 4.3%, cut 15 bps. • Chinese State Council decided to extend the policy of exempting new energy vehicles from purchase tax to the end of next year, and it is …

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India Pushes Forward The Beneficiation Of Low-grade Iron Ore 22/08/22

India’s beneficiation of low-grade iron ore could result in new trade patterns   India’s push toward the beneficiation of low-grade iron ore could result in new trade patterns emerging in the future if implemented, market sources told Fastmarkets last week. It could mean a higher acceptance among buyers of Indian iron ore in the seaborne market, …

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Iron Ore DCE January Daily Technical Review 19/08/22

Verdict – Short-term neutral to bearish.   DCE iron ore January corrected as expected from previous reports. The daily high moved lower from 697.0-700.0 level to 691.0 area. Intra-day support fell on 672.0-673.0 level. However it was difficult to see strong support above 650.0 level. MACD stayed in bearish territory during most of hours since …

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Daily Virtual Steel Mill Report 19/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • China NBS: July excavators produced 19,612 units, down 3.2% on the year. Jan-July total produced 185,743 units, down 25.6% on the year. Jan- July total sold 161,033 units, down 33.2% on the year. • U.K. CPI in July up $10.1 on the year, refreshed the …

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