Tag archives: IO

Iron Ore DCE September Daily Technical Review 12/05/22

Verdict – Short-term neutral.   DCE iron ore September contract fell into the correction tunnel during the day. Hourly candles indicated that iron ore has created three lower highs and two lower lows from April 19th. If breaking through major support from 783.0- 800.0 area, iron ore potentially testing periodic low. Otherwise, iron ore would …

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Daily Virtual Steel Mill Report 12/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. April CPI up 8.3% y-o-y, narrowed from March at 8.5%. Core CPI up 6.2% y-o-y, higher than expected 6%.   Iron Ore Key Indicators: • Platts62 $133.50, +5.40, MTD $136.78. Seaborne iron ores such as PBF saw several interests based on sales with discount. …

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Daily DCE Review 12/05/22

Iron ore futures dipped in the day session, despite opened higher in the morning amid market concern over weak steel margins. The futures of Dalian Commodity Exchange (DCE) fell by 1.36% day-on-day or down RMB 11 to RMB 796/mt, during the day trading session on Thursday. The rebar futures also dropped by 0.99% or down …

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