Tag archives: IO

A Room with a Technical View 21/02/22

Capesize March Futures – The futures traded below the USD 18,800 support last week resulting in the Price trading to a low of USD 16,500, keeping the technical above key support, however the deep pullback meant the technical had a neutral bias. Having held support the futures have broken near-term resistance levels, upside moves that …

Continue reading “A Room with a Technical View 21/02/22”

Daily Virtual Steel Mill Report 21/2/22

Market Verdict on Iron Ore： • Neutral. Macro • G20 finance ministers and central bank leaders said that the global economy continued to recover, but influenced by COVID-19 and other countries. The recovery process and policies were different among countries. The inflation pressure of some countries increased. The attending countries promised to take all available …

Continue reading “Daily Virtual Steel Mill Report 21/2/22”

Daily DCE Review 21/2/22

Iron ore futures rebounded after a week of losses, as buying interests improved as steel production is expected to recover after the Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 4.74% day-on-day or up RMB 32 to RMB 707/mt, during the morning trading session on Monday. The rebar …

Continue reading “Daily DCE Review 21/2/22”