Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 06/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract almost duplicated the movement of previous trading day and closed at the same level at 853.5. In both trading days, market test low and recovered all losses. Thus the support on 834.0-835.0 became significant level for the next few trading days. In other words, iron ore …

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Daily Virtual Steel Mill Report 02/06/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • U.S. non-agriculture employment reached 517,000, created the biggest increase since July 2022, est. 185,000, last 260,000. • The Institute of Economy, Chinese Academy of Social Science published predictions on GDP growth at 3.4%, 7.2%, 4.2% and 5.2% for the four quarters of 2023 …

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Daily Virtual Steel Mill Report 03/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • BOE increased interest rate by 50 bps at 4%, refreshed highest since October 2008. ECB increased interest rate by 50 bps to 3%.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.The yesterday market slumped following the China-Australia talk, traders expect more iron ore import …

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