Tag archives: IO

Daily Virtual Steel Mill Report 24/12/21

Market Verdict on Iron Ore： • Neutral. Macro • The China Ministry of Ecological Environment squashed the rumors that enterprises shut down in a large area during the Beijing Winter Olympic Games. Iron Ore Key Indicators: • Platts62 $123.75, +1.15, MTD $110.47. Seaborne mainstream iron ore trades were weak as market was rather positive on …

Continue reading “Daily Virtual Steel Mill Report 24/12/21”

Daily DCE Review 24/12/21

Iron ore futures rose further on falling steel stocks and market expectation of better restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 3.93% day-on-day or up RMB 27 to RMB 713.50/mt, during the day trading session on Friday. The rebar futures also …

Continue reading “Daily DCE Review 24/12/21”

Iron Ore DCE May Daily Technical Review 23/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract tested low and recovered loss, as expected in previous two trading days, iron ore currently consolidate and neutral. The previous major support area fell into 670- 676, which support iron ore three times from December 16th. Iron ore potentially return to bullish if a breakthrough on …

Continue reading “Iron Ore DCE May Daily Technical Review 23/12/21”

Daily Virtual Steel Mill Report 23/12/21

Market Verdict on Iron Ore： • Neutral. Macro • World bank predicted China real GDP growth rate reach 8.0% in the year 2021 and 5.1% in the year 2022. • Clarkson statistic indicated that global fleet trades reached 45.07 million CGT, up 138% y-o-y, refreshed a 8-year record. Iron Ore Key Indicators: • Platts62 $122.60, …

Continue reading “Daily Virtual Steel Mill Report 23/12/21”