Tag archives: IO

Daily Virtual Steel Mill Report 26/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The number of unemployment benefits files in U.S. last week reached 229,000, a new low since the week of April 22, 2023, with an estimated 245,000 files, compared to the previous value of 242,000 files. • Chinese completed new issued local bonds exceeded 2 trillion …

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Iron Ore DCE September23 Daily Technical Review 25/05/23

Verdict- Neutral. DCE Sep23 contract consolidated during the trading day. The low of the day once broke the long-run support at 675.5, however recovered fast after the test low. The high of day reached 695.0, which was still far from 700.0. Hourly MACD narrowed below oversold area. Hourly slow stochastic KD brewing breakthrough in oversold …

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Daily Virtual Steel Mill Report 25/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Markit May PMI 48.5, less than expected 50, refreshed the lowest of last three months. Eurozone PMI May at 44.6, last 45.8. • The third round of negotiations between the White House and Congressional leadership continued with no resolution, although both sides described that …

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