Monthly archives: February 2024

Iron Ore DCE May24 Daily Technical Review 07/02/24

Verdict- Neutral. DCE May24 contract consolidated in narrow range with much lower volatility ahead of Chinese New Year. Hourly MACD widened in bullish territory. Hourly CCI started to rebound gradually. The open interest started to decrease. Iron ore potentially maintain narrow trade range this week. First support 924.0. First resistance 958.5.  

Daily Virtual Steel Mill Report 07/02/24

Verdict: • Short-run Neutral.   Macro: • In 2023, the domestic production of the top three coal producers worldwide all reached historic highs. China’s coal production reached 4.66 billion tons, a year-on-year increase of 2.9%. In 2023, India’s coal production reached 1.011 billion tons, a year-on-year increase of 10.9%. Indonesia’s coal production reached a historic …

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Weekly Oil Report 06/02/24

Please click below to view the report     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004