Tag archives: IO

Daily Virtual Steel Mill Report 19/03/24

Verdict: • Short-run Neutral to Bullish.   Macro: • From January to February, China’s pig iron production reached 140.73 million tons, a year-on-year decrease of 0.6%. The crude steel production was 167.96 million tons, a year-on-year increase of 1.6%; The steel production was 21.343 million tons, a year-on-year increase of 7.9%. China’s coal production above …

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Iron Ore DCE May24 Daily Technical Review 18/03/24

Verdict- Neutral to Bullish. DCE May24 contract recovered all losses created on last Friday and this morning. Hourly MACD widened in bullish area. Hourly slow stochastic KD created gold cross in oversold area and climbed up fast to approach overbought area. Hourly CCI was approaching bullish area. First support 787.5. First resistance 822.0.  

Daily Virtual Steel Mill Report 18/03/24

Verdict: • Short-run Neutral.   Macro: • China National Statistics Bureau: China industrial value added amount above designated size up by 7% in January and February, up 0.2% from last December. • A statistic from BOE indicated that the expected inflation rate during the past three month had dropped from 3.3% to 3.0%. The long-run …

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