Tag archives: IO

Daily Virtual Steel Mill Report 15/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro: The Muifa Typhoon entered inland China, while Chinese eastern ports area recovered normal operation after stopped for two days because of Typhoon and heavy rains. U.S. August PPI up 8.7%, est. 8.8%, last 9.8%. U.S. five-year T-bond yield refreshed highest since 2008 at 3.62%. Chinese …

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Rio Tinto And Baowu Agree To Form Joint Venture With Pilbara Iron Ore Project 15/09/22

Rio Tinto, Baowu Joint Venture to Enhance Iron Ore Supply   Rio Tinto Group’s joint venture with China Baowu Steel Group Corp. to develop a new mine in Western Australia’s Pilbara region is set to longer-term iron ore supply.   The $2 billion Western Range mine is expected to come online in 2025. Its projected …

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Iron Ore DCE January Daily Technical Review 14/09/22

Verdict – Short-term neutral.   DCE iron ore January contract confirmed periodic high yesterday at 736.5 after a small correction today. In hourly chart, MACD widened below 0 axis. Slow stochastic KD deepened correction after a dead cross created in overbought area. CCI corrected close to bearish territory. The mid-run level correction needs confirmation on …

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