Tag archives: IO

Iron Ore DCE January Daily Technical Review 12/08/22

Verdict – Short-term neutral.   DCE iron ore January gave back gains from previous day and still resisted by roof area from 745.0 – 755.0. In general the price movement remained in rangebound as expected. Trading volume was in similar amount during the past five trading days. Iron ore approached the neckline observed from 15 …

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Daily Virtual Steel Mill Report 12/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. July CPI up 8.5%, last 9.1%, est. 8.7%. China July CPI up 2.7 on the year, last 2.5%, est. 2.9%. • Chinese machinery sales in July turned from negative to positive, ended a negative number last for previous 14 months. Jan – Jul machinery …

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Export Tax On Steel Is Being Considered By Indian Steel Minister 12/08/22

Export duty under examination: Indian steel minister   A 15pc export tax on steel imposed by the Indian government in May is being considered and examined by the country’s new steel minister, although no changes have been announced.   “These [export tax removal proposals] are things that I am engaging myself on currently, we will …

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Iron Ore DCE January Daily Technical Review 11/08/22

Verdict – Short-term neutral.   DCE iron ore January contract created roof area from 745.0 – 755.0, as intra-day high rejected by this area. Thus, iron ore was still in bearish territory. Hourly slow stochastic KD created a bearish divergence with hourly candles movement. Hourly CCI returned to bullish territory. Short-run signals were indicating a …

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Daily Virtual Steel Mill Report 11/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. July CPI up 8.5%, last 9.1%, est. 8.7%. China July CPI up 2.7 on the year, last 2.5%, est. 2.9%. • Chinese machinery sales in July turned from negative to positive, ended a negative number last for previous 14 months. Jan – Jul machinery …

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