1. GO traded 90kt JMBF at AM62% July Index – $9.7, arrived in July. 2. GO traded 90kt JMBF at AM62% July Index – $9.6, arrived in July. 3. Corex traded 170kt Fe61% PBF at $134.25, loading July 17 – 16th.
Author archives: Hao Pei
Iron Ore DCE September Daily Technical Review 01/06/22
Verdict – Short-term neutral. DCE iron ore September refreshed new high, however the last two-day rebound was along with significant smaller rebound. Thus, the extension of bullish run needs to see massive changing hands in the next few sessions. Hourly techncial signals were starting to show bearish divergence with price movement. Hourly MACD narrowed …
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Daily Virtual Steel Mill Report 01/06/22
Market Verdict on Iron Ore： • Neutral to bullish. Macro • Eurozone May adjusted CPI up 8.1% y-o-y, refreshed record high. Est. 7.8%, last 7.5%. • U.S. president Joe Biden held a rare meeting with Federal Reserve Chair Jerome Powell to tackle decades-high inflation ahead of the November midterm and simultaneously maintain the independence …
Iron Ore Physical Trade Summary 31/05/22
1. Corex traded 80kt Newman Lumps at Platts62% July Index + $0.34 dmtu, loading Jun 26 -Jul 5th 2. GO traded 90kt Newman Fines at $135.4, arrived in July.
Iron Ore DCE September Daily Technical Review 31/05/22
Verdict – Short-term neutral. DCE iron ore September breakthrough important resistance area at 887.5 and brought iron ore into a strong trend with narrowing volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created consolidated above oversold area. Hourly CCI entered bullish territory during early session however corrected back fast. With narrowing …
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Daily Virtual Steel Mill Report 31/05/22
Market Verdict on Iron Ore： • Neutral. Macro • German CPI refreshed 50-year-high, supported the rationale to increase 50 basis points in July. • The EU agreed to ban 90% of Russia’s oil imports by the end of 2022. Iron Ore Key Indicators: • Platts62 $136.60, +2.15, MTD $133.34. Seaborne PBF gathered interests …
Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22
Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …
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Iron ore headed for three weeks high as China starts to reopen 30/05/22
Iron Ore Rises With Copper on China’s Waning Virus Outbreak Iron ore headed for its highest close in three weeks as industrial materials gained on hopes that China’s easing of virus curbs will herald a demand recovery. Beijing relaxed movement restrictions in several districts as new local cases in the capital declined to only …
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Asian Coal Prices rallied to a record high as India secured shipment 30/05/22
Asian Coal Prices Extend Record-Breaking Rally on Indian Demand Asia’s coal benchmark rallied to the highest on record as India — a top consumer of the power plant fuel -moved to secure shipments, tightening supplies in the region. Spot physical coal at Australia’s Newcastle port jumped 1.6% to a record $398.75 a ton on …
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Iron Ore DCE September Daily Technical Review 30/05/22
Verdict – Short-term neutral. DCE iron ore September rebounded significantly during the day, however with flat volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross and corrected to neutral area. Hourly CCI entered neutral area. Short-run technical signals were indicating exhaustion. The return to bullish need to confirm an …
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