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Monthly archives: October 2023
Supramax Nov 23 Morning Technical Comment – 240 Min 17/10/23
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Panamax Nov 23 Morning Technical Comment – 240 Min 17/10/23
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Iron Ore DCE January24 Daily Technical Review 17/10/23
Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. Hourly slow stochastic tested high in overbought area. Hourly MACD widened in bullish territory. Be aware of the range between 873.5 -881.5, which used to be a reversal area for the market in late September. First support 857.5. First resistance 881.5.
Capesize Nov 23 Morning Technical Comment – 240 Min 17/10/23
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Steel and Scrap Report 17/10/23
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Fuel Oil Daily Morning Report 17/10/23
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Aluminum Premium Report 16/10/23
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Iron Ore Offshore Nov 23 Morning Technical Comment – 240 Min Chart 17/10/23
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Daily Virtual Steel Mill Report 17/10/23
Verdict: • Short-run Neutral. Macro: • Russia increased crude oil export tax to $26.2/mt effective from November 1st. • China listed companies started to unveil buyback plans. The companies were state-owned giants including Sinopec, Baoshan Iron and Steel and COSCO. Market participants expected more buyback plans emerged in the rest of October. Iron …