Verdict: • Short-run Neutral to Bearish. Macro: • US jobless claims last week at 231,000, refreshed the highest since August 19th, est. 220,000, last 218,000. Iron Ore Key Indicators: • Platts62 $132.40, +0.40, MTD $128.38. Iron ore saw some BHP cargoes trade and low grade trade yesterday. MACF was traded at $130.9/mt. NHGF …
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FIS Fertilizer Market Report 16/11/23
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European Close 16/11/23
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Supramax Dec 23 Morning Technical Comment – 240 Min 16/11/23
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Panamax Dec 23 Morning Technical Comment – 240 Min 16/11/23
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Capesize Dec 23 Morning Technical Comment – 240 Min 16/11/23
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Iron Ore DCE January24 Daily Technical Review 16/11/23
Verdict- Neutral. DCE Jan24 contract recovered most of losses during trading day. Hourly KD created gold cross above oversold area. Hourly MACD widened in bearish territory. Short-run neutral from technical signals. First support 947.0. First resistance 995.0.
Daily Virtual Steel Mill Report 16/11/23
Verdict: • Short-run Neutral to Bearish. Macro: • US PPI up 1.3% in October, lower than estimated 1.9%, last 2.2%. • China NDRC pricing department started co-working with DCE to research on the monitoring irregular movement of iron ore. Iron ore margin in exchange level raised from 13% to 15% in DCE effective after …
Iron Ore Offshore Dec 23 Morning Technical Comment – 240 Min Chart 16/11/23
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Brent Jan 24 Morning Technical Comment – 240 Min 16/11/23
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