Tag archives: IO

Daily Virtual Steel Mill Report 06/03/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • China government work report set 5% as economy growth target in 2023 and 3% as fiscal deficit rate, which were both considered conservative from the market. The market was also focusing on the new governors lists and reform programs on institutions.   Iron …

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Iron Ore DCE May23 Daily Technical Review 02/03/22

Verdict – Short-term neutral. DCE iron ore May23 contract inched up, however seeing exhaustion. Hourly MACD moved flat in bullish territory. Hourly slow stochastic KD entered overbought area. A breakthrough on 922.0 would bring iron ore back to bullish trend. Otherwise, iron ore potentially consolidate in current range from 883.0 – 922.0. The first support …

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Daily Virtual Steel Mill Report 02/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • After implementing the quantitative easing policy for nearly 10 years, the European Central Bank has accumulated 5 trillion euros (about $5.31 trillion) of bonds. At present, the ECB will begin to remove these bonds from its balance sheet at an average rate of 15 billion …

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