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Category archives: Ferrous
Iron Ore DCE January 24 Daily Technical Review 20/09/23
Verdict- Neutral. DCE Jan24 contract rebounded slightly, however maintained in the range from 859.0 -881.5. A breakthrough on the range box would potentially mean a reversal, otherwise iron ore maintain neutral. Hourly slow stochastic KD weakened. Hourly CCI approached bullish area. Hourly MACD narrowed in bearish area. First support 859.0. First resistance 881.5.
Daily Virtual Steel Mill Report 20/09/23
Verdict: • Short-run Neutral. Macro: • The OECD increased economy growth to 3.0% from 2.7% for 2023, and decreased growth rate from 2.9% to 2.7% for 2024. • IMF governor Alfred Kammer indicated that the ECB cannot afford interest cut in 2024. Iron Ore Key Indicators: • Platts62 $122.75, -1.70, MTD $121.15. JMBF …
London Iron Ore Market Report 19/09/23
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″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …
European Close 19/09/23
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Ferrous Weekly Report 19/09/23
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″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …
Iron Ore Market Daily Report 19/09/23
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″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …
Iron Ore DCE January 24 Daily Technical Review 19/09/23
Verdict- Neutral to Bearish. DCE Jan24 contract corrected for the second trading day, a breakdown on 859.5- 861.0 level would confirm a mid-run correction trend. Hourly MACD widened in bearish area. Hourly slow stochastic KD created three lower dead crosses and continue to drop. Hourly CCI entered bearish area. First support 859.0. First resistance 881.5. …
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Daily Virtual Steel Mill Report 19/09/23
Verdict: • Short-run Neutral. Macro: • US Treasury Secretary Janet Yellen said that it’s premature to judge the impact of UAW strike, and sought for a “win-win” deal. • ECB governors indicated that the Thursday interest hike potentially become the last hike in the year. Iron Ore Key Indicators: • Platts62 $124.45, -1.15, …
Iron Ore Offshore Oct 23 Morning Technical Comment – 240 Min Chart 19/09/23
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