Daily Virtual Steel Mill Report 24/2/22

Market Verdict on Iron Ore: • Bearish. Macro • Kyiv says multiple sites attacked across country. • Europe central bank Vice President said the central bank would consider make adjustments on the asset purchase after the termination of PEPP in this March. In addition, the central bank would consider increasing interest rate. Iron Ore Key …

Freight and Commodity Podcast 23/2/22

ESG Special – The future’s green and commodity markets are no different, so this week on the podcast we explore the carbon emissions, battery metals, and pulp and paper markets.     Click Below to Listen: Web – https://soundcloud.com/paul-oakley-6/episode-88-esg-special?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing   Spotify – https://open.spotify.com/episode/2rycTsPY7jsJDZP3WbZMVa?si=jZ5HxobeQsCDany_L-0T4A   iTunes – https://podcasts.apple.com/gb/podcast/episode-88-esg-special/id1507094242?i=1000552003079     For more information please contact News@freightinvestor.com London +44 (0) 20 …

Daily DCE Review 23/2/22

Iron ore futures dipped from recent rally, as Beijing policymakers stated to bring price stability from market malpractices like ‘excessive hoarding’. The futures of Dalian Commodity Exchange (DCE) for May delivery then inched down by 0.78% day-on-day or down RMB 5.50 to RMB 700/mt, during the day trading session on Wednesday. The rebar futures also …

Iron Ore DCE May Daily Technical Review 23/2/22

Verdict – Short-term neutral. DCE iron ore May22 rebounded and recovered majority of loss from yesterday. The two-day low fell on 682.0 – 683.0 area, creating a short-run support. The resistance on 718.5 also gave pressure to iron ore prices for current two days. Short-run slow stochastic KD widened after created gold cross. Short-run CCI …