Tag archives: IO

Iron Ore Rebounds Slightly As China Asks Banks To Support Property Sector 18/07/22

Iron ore’s brutal decline that saw it tumble nearly 15% last week has been halted, after reports emerged that China’s government has stepped in to resolve the wave of homebuyers’ defaults that sent shockwaves across the economy. Reports that authorities are weighing in and guiding banks to ease credit flows to property developers saw prices …

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Iron Ore DCE September Daily Technical Review 15/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September down , created the biggest single day drop since Jun 20th. The gap area from 677- 694.5 became the major resistance area. Hourly CCI slightly picked up approaching the boundary of neutral area. Technical signals were indicating a potential to test low in next …

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Daily Virtual Steel Mill Report 15/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • “Hawkish” U.S. Federal official James Bullard favors 75 basis point hike in July, reversed previous view on 100 basis points. FedWatch suggested that the probability of 100 bp hike dropped from 80% to 45% in a day. • China NDRC indicated that the 3% CPI …

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Iron Ore Drops With Concerns About China’s Property Crisis 15/07/22

Iron Ore Under Pressure as China Property Contagion Fears Rise   Iron ore stayed around $100 a ton after sinking Thursday, with the steep drop triggered by long-term pressures on China’s steel industry and homebuyers there boycotting mortgage payments, roiling the property market. Futures plunged almost 8% in Singapore Thursday to the lowest since late …

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