Tag archives: IO

Daily Virtual Steel Mill Report 18/3/22

Market Verdict on Iron Ore： • Neutral. Macro • BOE raised interest rate by 25 basis point to 0.75% as expected. The lending cost recovered to pre-pandemic level. Q2 inflation rate raise from 7.25% to 8%. • China Ministry of Industry and Information Technology: promote more strategies to support stablised economy growth. Become prudent on …

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Daily DCE Review 17/03/22

Iron ore futures extended bullish run, despite market uncertainty and concerns over slowing Chinese steel output. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 4.65% day-on-day or up RMB 36 to RMB 810/mt, during the day trading session on Thursday. The rebar futures also increased by 1.74% or up RMB 84 …

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Iron Ore DCE May Daily Technical Review 17/03/22

Verdict – Short-term neutral.   DCE iron ore May22 contract extended growth as expected yesterday. However the close was almost flat to the high open. DCE iron ore apparently entered a small round of consolidation, major trading area concentrated between 795.0 – 810.0 area. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD potentially …

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Daily Virtual Steel Mill Report 17/3/22

Market Verdict on Iron Ore： • Neutral to bullish. Macro • As expected, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the federal benchmark interest rate range by 25 basis points to 0.25% – 0.50%, the first interest rate increase since December 2018. Fed officials expect interest rates to reach 1.9% by …

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