Tag archives: IO

Daily Virtual Steel Mill Report 09/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • Shanghai: the first batch of “white list” for the resumption of work and production has been announced. CATL, leading battery maker of China indicated that Shanghai factory had resumed 90% of work force. The production capacity has returned to the pre-epidemic level. The factory planed …

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Daily DCE Review 06/05/22

Iron ore futures ended the week on decline, despite rebounding earlier on the week since the return of Chinese trade participants from the long holidays period. The futures of Dalian Commodity Exchange (DCE) dropped by 5.12% day-on-day or down RMB 44.50 to RMB 825/mt, during the day trading session on Friday. The rebar futures also …

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Iron Ore DCE September Daily Technical Review 06/05/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract tested important resistance level in 883.0- 884.5, rejected and corrected massively after then. As a result, 883.0 – 884.5 was still a major resistance area for iron ore. It is worth noting that iron ore aggregated open interest increased by 5% during the …

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Daily Virtual Steel Mill Report 06/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • BOE increased interest rate by 25 basis points to 1% as expected, which was the fourth increase from last December. BOE base interest rate reached the highest over the last 13 years. • China Transportation Department announced that the high way tolls and …

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