Verdict: • Short-run Neutral. Macro: • The Bank of Japan announced that it will maintain its current monetary policy unchanged and continue to adhere to the inflation control target of 2%. The Bank of Japan kept the short-term interest rate at negative 0.1% and kept the long-term interest rate at zero by purchasing long-term …
Category archives: Ferrous
European Close 23/01/24
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London Iron Ore Market Report 23/01/24
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Iron Ore Market Daily Report 23/01/24
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Ferrous Weekly Report 23/01/24
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Iron Ore Offshore Feb 24 Morning Technical Comment – 240 Min Chart 23/01/24
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Steel and Scrap Report 23/01/24
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Iron Ore DCE May24 Daily Technical Review 23/01/24
Verdict- Neutral. DCE May24 contract rebounded during the trading day. However it is hard to confirm a bullish run since the last four hours candles were on consolidating in a narrow rangebound. Hourly CCI retreated from bullish area to neutral area. First support 945.5. First resistance 971.5.
Daily Virtual Steel Mill Report 23/01/24
Verdict: • Short-run Neutral. Macro: • Maersk diverts ME2 service around the Cape of Good Hope because the situation around Redsea and the Gulf of Aden remained unstable. Iron Ore Key Indicators: • Platts62 $129.45, -1.10, MTD $135.17. There was no seaborne trade yesterday. Although there was a small recovery on pig iron …
European Close 22/01/24
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