Tag archives: IO

Daily Virtual Steel Mill Report 7/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China Caixin December PMI 53.1, est. 51.7. Last 52.1. • China central bank PBOC: China financial system was generally stable. The lending rate for enterprises was below 5% in average, creating the new low historically. The Minister of Finance said the department will devoting in decrease …

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Daily DCE Review 6/1/22

Iron ore futures maintained bullish run over market optimism for restocking demand and better steel margins from higher steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 4.14% day-on-day or up RMB 28.50 to RMB 717/mt, during the day trading session on Thursday. The rebar futures also went …

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Daily Virtual Steel Mill Report 6/1/22

Market Verdict on Iron Ore： • Neutral. Macro • In 2022, economists of some financial institutions in China generally believe that there are three main driving forces for promoting economic growth: investment in infrastructure construction is expected to rebound. Manufacturing investment is expected to continue to increase. Consumption is expected to continue to grow. • …

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Daily DCE Review 5/1/22

Iron ore futures extended gains upon market optimism of restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 2.13% day-on-day or up RMB 14.50 to RMB 694/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.09% day-on-day …

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