Verdict: • Short-run Neutral. Macro: • China real estate developers rise after China injected $50 billion worth of low-cost funds into banks last month. Shanghai also announced lower down payment ratio for houses on Tuesday. Iron Ore Key Indicators: • Platts62 $143.20, +2.70, MTD $143.20. The liquidity injection news from China supported the …
Category archives: Ferrous
London Iron Ore Market Report 02/01/24
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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]
European Close 02/01/24
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Iron Ore Market Daily Report 02/01/24
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Steel and Scrap Report 02/01/24
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Iron Ore Offshore Jan 24 Morning Technical Comment – 240 Min Chart 02/01/24
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Iron Ore DCE May24 Daily Technical Review 02/01/24
Verdict- Be Aware of Market Reversal. DCE May24 contract created new high over active contracts since August 2021. Iron ore saw increasing positions significantly during the trading day. Houry MACD widened in bullish area. Hourly slow stochastic KD approached overbought area. Hourly CCI was stable at bullish area. Above 1000.0 level was absolute high for …
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Daily Virtual Steel Mill Report 02/01/24
Verdict: • Short-run Neutral. Macro: • China December Manufacturing PMI 49.0, est. 49.5, last 49.4. Non-Manufacturing PMI 50.4, est. 50.5, last 50.2. Iron Ore Key Indicators: • Platts62 $140.50, +1.60, MTD $136.37. Steel mills maintained low inventory levels during past week due to low steel margin. FMG widened the discounts for term contracts …
Iron Ore Market Daily Report 29/12/23
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Iron Ore Market Daily Report 28/12/23
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