Category archives: Ferrous

Daily Virtual Steel Mill Report 24/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • China vowed at a key economic policy meeting to optimize and adjust policies for the property sector yesterday.   Iron Ore Key Indicators: • Platts62 $114.50, -0.85, MTD $112.25. MACF saw active trades again yesterday, with a fixed trade at $112.1/dmt and a float price …

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Iron Ore DCE September23 Daily Technical Review 24/07/23

Verdict- Neutral. DCE Sep23 contract corrected, however in general maintain in rangebound trading. Hourly MACD flattened in oversold area. Hourly CCI approached bearish boundary. The higher lows from hourly charts were indicating a strong support. However the resistance area from 851.5- 854.5 last for two weeks. First support 823.5. First resistance 854.5.  

Daily Virtual Steel Mill Report 24/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • China announced support for property construction by saying the government will boost the renovation of urban villages. It will also seek more private capital in the projects to expand domestic demand and push forward development of cities.   Iron Ore Key Indicators: • Platts62 $115.35, …

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Steel and Scrap Report 21/07/23

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