Tag archives: IO

Daily Virtual Steel Mill Report 25/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Russia and Ukraine signed agreements with Turkey and the United Nations on the transportation of agricultural products from the Black Sea ports, and the parties will cooperate to export grain from three Ukrainian ports, including Odessa. • According to the sanctions adjustment agreed …

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

Verdict – Short-term neutral to bullish.   DCE iron ore September intra-day high was resisted below 694.5, which used to be a boundary of previous gap. The low was supported by strong supporting level from 633.5 – 640.0. Daily MACD potentially create gold cross, led by daily CCI which left bearish territory. A breakthrough on …

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Daily Virtual Steel Mill Report 22/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China NBS June excavators produced 21,769 units, down 3.4% on the year(May down 30.4%). H1 produced 156,803 units, down 27.1% on the year. • European central bank decided to increase 0% interest rate by 50 bp, created the first interest rate hike in the past …

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