Tag archives: IO

Daily Virtual Steel Mill Report 19/10/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. Industrial production growth rate increased 0.4% in September compared with …

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BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.     It produced 72.1mn t of iron ore during July-September, up by 2.2pc on a year earlier, reflecting a firm supply chain performance and reduced Covid-19 related impact, which was partially …

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Iron Ore DCE January Daily Technical Review 18/10/22

Verdict – Short-term neutral. DCE iron ore January contract closed half yuan higher than previous closing. Iron ore maintained weak during most of time today, as created lower lows periodically. At the same time, the intraday movement was rejected by 693.0-694.5 area twice. Hourly MACD created gold cross. Hourly slow stochastic KD created gold cross …

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