Tag archives: IO

Daily Virtual Steel Mill Report 02/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • China MIIT calculated the scrap input ratio in steelmaking reaching 15%, accounting for 180 million tons in 2025. In 2030, the ratio expected to reach 20%. • China Caixin Manufacturing PMI in July 50.4, 1.3 lower than June. U.S. Markit Manufacturing PMI 52.2, est. 52.3, …

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Iron Ore DCE September Daily Technical Review 01/08/22

Verdict – Short-term neutral.   DCE iron ore Sep22 are rolling to Jan23, expected to finish within the week. Thus, it should be hard for September contract to attract more new buyers in the aftermarket. The contract was hit shortly after refreshing new high of the month. Hourly MACD maintained weak. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 01/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China PM Li Keqiang held conference after the political conference held last week to promote investment and consumption, including acceleration on local debts, investment projects in the central budget, automobile consumption, green energy home appliances and green building materials. • China July PMI …

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Iron Ore DCE September Daily Technical Review 29/07/22

Verdict – Short-term neutral.   DCE iron ore September corrected with both decreasing open interest and volume. Thus, iron ore potentially faces a correction or consolidation. Hourly slow stochastic KD corrected to neutral area after a dead cross created in overbought area. Hourly MACD created dead cross.   The first support is 755.5. The first …

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Daily Virtual Steel Mill Report 29/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China and U.S. held tele-conference to discuss on the cooperation in economy development in future, and noted the tariff exemption to alleviate the inflation in U.S.   Iron Ore Key Indicators: • Platts62 $117.95, +6.90, MTD $106.86. The term contract discounts for BHP’s …

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China Plans To Issue 1 Trillion Yuan In Loans To Support Property Developers 29/07/22

China targets $148 bln in financing for cash-strapped developers – FT   China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as Beijing tries to revive the debt-stricken sector and relieve pressure on the economy. The People’s Bank of China (PBOC) …

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