Tag archives: IO

Daily Virtual Steel Mill Report 21/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China July 1-year LPR at 3.7%, est. 3.7%, last 3.7%. 5-year LPR 4.45%, est. 4.45%, last 4.45%. • The European Central Bank is expected to raise interest rates for the first time in 11 years on July 21st. Market expect the interest hike would raise …

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Iron Ore DCE September Daily Technical Review 20/07/22

Verdict – Short-term neutral.   DCE iron ore September created lower highs and lower lows during the day. The low of the day at 633.5 broke important support at 633.5. The next breakdown on this level would confirm a new round of accelerated correction. Otherwise iron ore potentially stay in narrower rangebound area. Hourly MACD …

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Daily Virtual Steel Mill Report 20/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Russia expected to restart Nordstream I Natural Gas pipe on Thursday, with 40% capacity. • Eurozone June CPI up 8.6%, last 8.6%, est. 8.6%.   Iron Ore Key Indicators: • Platts62 $96.45, -4.45, MTD $107.61. Resurgence of Covid-19 spread in new areas of …

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