Tag archives: IO

Daily Virtual Steel Mill Report 05/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • U.S. trade representative Katherine Tai said on Monday that U.S. would consider using all tools to fight inflation, including reducing tariffs on Chinese exports. • European Commission President Ursula von der Leyen said that the EU would completely ban oil imports from Russia …

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Iron Ore DCE September Daily Technical Review 29/4/22

Verdict – Short-term neutral. DCE iron ore September contract created a four-day consecutive increase, however the trading volume and open interest decreased significantly. Traders were cautious before the China and Singapore Labour Day. Hourly slow stochastic KD maintained a healthy growth in overbought area. Hourly CCI hold on bullish territory. An effective breakthrough on the …

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Daily Virtual Steel Mill Report 29/4/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese offshore yuan CNH depreciated 700 basis points at 6.66, dragged by the weakening of Japanese yen. • U.S. GDP Q1 growth rate -1.4%, created the first negative number since the Q2 2020, est.+ 1.1%, last +6.9%.   Iron Ore Key Indicators: • Platts62 $142.00, …

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