Tag archives: IO

Iron Ore DCE January Daily Technical Review 25/08/22

Verdict – Short-term neutral.   DCE iron ore January contract fell into neutral area although created higher highs and higher lows. Iron ore failed to expand volume and daily range narrowed after the early week spike. However iron ore maintained in an ascending tunnel from hourly chart, with strong support above 700.0 level. Hourly slow …

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Daily Virtual Steel Mill Report 25/08/22

Market Verdict on Iron Ore： • Neutral. Macro   • U.S. Markit Manufacturing PMI 51.3 in August, refreshed new low since July 2020. Eurozone Manufacturing PMI 49.7, refreshed new low of the past 26 months. • MySteel 170 power plants total coal inventories 26.17 million tons, down 267,000 tons w-o-w. Daily consumption 1.575 million tons, …

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Indian Steel Minister Stresses Raw Materials Security 25/08/22

India’s steel minister has underlined the need for raw materials security and decarbonisation measures but is yet to announce any changes to taxes on iron ore and steel exports. “It is about time we commit ourselves to reduce our carbon emissions by a minimum of 30-40pc… the strategy should be based on carbon minimisation, carbon …

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Freight and Commodity Podcast 24/08/22

On this week’s podcast we take a deep dive into the current scenario in freight and commodity markets as the war in Ukraine rages on, and we are joined by special guests from Lloyds List’s Bridget Diakun and Dave Osler.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/0Q2zDxlrEsOuPccaqOZHCD?si=gapCgnpWRF6EFFlIa_IeSw   …

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Iron Ore DCE January Daily Technical Review 24/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract maintained bullish trend as expected. Although iron ore corrected massively this afternoon leading by the big slump of Asian equities, iron ore recovered all losses during last hour and still created higher highs and higher lows in the past three days. The market …

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