Tag archives: IO

Daily Virtual Steel Mill Report 17/08/22

Market Verdict on Iron Ore： ·         Neutral.   Macro ·           NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was also the lowest since 2014, which indicated the U.S. economy was slowing down. ·           AFS: Global automobile market decreased 2.9973 million units, expected to decrease 3.8262 million units …

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Australia’s Port Hedland July Iron Ore Exports Rise 5.9% On Year 17/08/22

Australia’s largest iron ore loading port, the port of Port Hedland, exported 46.9 million mt of iron ore in July, up 5.9% on the year, according to the latest data released by the Pilbara Ports Authority Aug. 16. However, the PPA data showed that the exports were down 5.7% from June, which had seen the …

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Iron Ore DCE January Daily Technical Review 16/08/22

Verdict – Short-term neutral.   DCE iron ore January successfully broke the neckline level at 713.5 recovered most of loss from last trading day. Thus, iron ore return to neutral level. Hourly slow stochastic KD created a gold cross. Hourly MACD potentially create gold cross. Technical signals were indicating a neutral sentiment.   The first …

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Daily Virtual Steel Mill Report 16/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese central bank PBOC lowered one-year length Medium Lending Facility rate from 2.85% to 2.75%. Market expect Loan Prime Rate in China should follow the decrease soon. • NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was …

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