Tag archives: IO

Daily Virtual Steel Mill Report 27/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • IMF decreased the U.S. economy growth rate from 3.7% to 2.9% in 2022, 2.3% to 1.7% in 2023. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and …

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Iron Ore DCE September Daily Technical Review 24/06/22

Verdict – Short-term neutral.   DCE iron ore September contract tested both first support and resistance, finally consolidate in a narrower range. It is expected that iron ore would keep in a narrower range in the next few days with a loss on both trading volume and open interest. The last three hours movement started …

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Daily Virtual Steel Mill Report 24/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. PMI 53.4, created the lowest from July 2020, est. 53.7, last 54.6. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and power grid.   Iron Ore …

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Iron Ore Rebounded After Xi Pledged To Achieve Economic Goals 24/06/22

Iron Ore Rebounds After Xi Pledges to Meet Economic Growth Goal   Iron ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s leader re-iterated the country’s “social and economic development targets” at a business forum …

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European Parliament Votes to add Shipping to EU Emissions Trading Scheme (ETS)

  The EU parliament has now approved of new environmental measures, one of which is to include shipping in the EU ETS. It will now move onto negotiations with member states to finalise the new legislation.   The main features of this new regulatory package are: Shipping to be included in the ETS by 2024 …

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