Tag archives: IO

Daily Virtual Steel Mill Report 29/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. central PCE increased 4.6% year-on-year, est. 4.7%, last 4.8%, refreshed the lowest since February 2021. • Jan- July above designated industrial value added amount at 4.89 trillion yuan, down 1.1% on the year.   Iron Ore Key Indicators: • Platts62 $105.80, +3.55, MTD $105.49. …

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Iron Ore DCE January Daily Technical Review 26/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract rebounded with increasing volume after broke through previous resistance at 721.5. Hourly MACD maintained above 0 axis, as well as the bullish territory after August 19th. Hourly CCI increased significantly in bullish territory. The iron ore trend is in acceleration phase. However be …

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Daily Virtual Steel Mill Report 26/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. federal official indicated that the 3.75- 4% was “approachable”. However inflation expected to last for longer time. • European central bank(ECB) monetary conference note indicated to increase 50 bps would be acceptable.   Iron Ore Key Indicators: • Platts 62% $102.25, -0.25,MTD 105.46. Both …

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