🔹 Key Theme: Tariff War Still Unfolding – High Probability of Continued Decline

🔸 Market News:

1️⃣ Tariff Deadline Tonight:
By midnight, the U.S. will finalize the total tariff rate imposed on Chinese goods. Current market speculation expects the rate to reach 104%. In response, China is certain to implement countermeasures, adding to market uncertainty.

2️⃣ Regional Trade Tensions:
Vietnam has announced a 27.8% anti-dumping duty on Chinese steel, and South Korea is likely to follow. These developments significantly dampen China’s steel export outlook.

🔹 Trading Strategy: Stay Bearish – Sell on Strength

🔸 Position Management:

✅ Existing Short Positions:
Long-term positions should be held firmly with no changes. Remain patient and avoid premature exits.

✅ New Short Entries:
For traders who entered short around 3120 yesterday and haven’t closed — continue to hold. If already closed, consider shorting again above 3110.

⛔ Avoid Long Positions:
Given high volatility and persistent downside risk, long positions are not advised.

🔸 Iron Ore Strategy:

• Entry Range: 697–707
• Position Size: 20–30% of total capital
• Stop Loss: 730
• Take-Profit: Not set (open-ended approach)

🔹 Stay alert to overnight developments, as tariff policy updates may trigger further market volatility.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.