Tag archives: IO

Daily Virtual Steel Mill Report 07/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Balkin, Secretary General of OPEC, said that the oil and gas industry was being “Besieged” due to years of insufficient investment. He added that if Iran and Venezuela were allowed to bring more supplies, the shortage could be alleviated. Balkin predicted that the …

Continue reading “Daily Virtual Steel Mill Report 07/07/22”

Iron Ore Rebounds With Steel Mills Trying to Stabilize Market 06/07/22

Iron ore rose — after dropping 12% in a four-day run of declines – following a report that a group of steel mills in southwestern China are trying to stabilize the market.   Steel producers in the region held a meeting over the weekend to discuss measures, including limiting output, according to a statement from …

Continue reading “Iron Ore Rebounds With Steel Mills Trying to Stabilize Market 06/07/22”

A Room with a Technical View 05/07/22

Capesize August Futures – last week we noted that the divergence will need to be monitored on the July contract, price did move higher but failed to trade above the fractal resistance at USD 26,625 resulting in the futures moving to the downside. The roll into August has created a higher high meaning the rolling …

Continue reading “A Room with a Technical View 05/07/22”