Tag archives: IO

Daily Virtual Steel Mill Report 26/05/22

Market Verdict on Iron Ore： • Neutral.     Macro • The general office of the State Council issued the opinions on expanding effective investment, including big infrastructure projects. Promote the healthy development of real estate investment trusts (REITs) . • China PM Li Keqiang: gurantee the Q2 economy growth and decrease unemployment rate. • …

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Freight and Commodity Podcast 25/05/22

The Australian election, significant coal shipments, and Chinese lockdowns are just some of the factors discussed affecting the dry freight and ferrous markets on this week’s podcast.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/29ih7HBghbxxMxqvPnjpg9?si=s7cd5GFSSgmEEOWAED46AA   iTunes – https://podcasts.apple.com/gb/podcast/episode-99-25-05-22/id1507094242?i=1000563789909

Daily DCE Review 25/05/22

Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …

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Iron Ore DCE September Daily Technical Review 25/05/22

Verdict – Short-term neutral.   DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …

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Daily Virtual Steel Mill Report 25/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days.   Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …

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