Verdict: • Short-run Neutral. Macro: • China 1-Year LPR down 10 bps to 3.35%, 5-year LPR down 10 bps at 3.85%. • WTI crude oil futures settled at $82.63/barrel, refreshed the lowest since mid-June. Iron Ore Key Indicators: • Platts62 $104.35, -0.95, MTD $108.61. China 45 ports iron ore inventories at 151.31 million …
Category archives: Ferrous
London Iron Ore Report 19/07/24
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European Close19/07/24
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Iron Ore Aug 24 (rolling Front Month) 19/07/24
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Singapore Iron Ore Report 19/07/24
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Iron Ore Offshore Aug 24 Morning Technical Comment – 240 Min Chart 19/07/24
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Iron Ore DCE Sep24 Daily Technical Review 19/07/24
Verdict- Neutral. Iron ore tested low and recovered most of losses. Iron ore created double bottoms areas from 791.0 -792.0 during June 25th and July 19 th. Hourly slow stochastic KD approached bearish area. Hourly MACD narrowed in bearish territory. Maintain neutral sentiment in short-run. First support 791.0. First resistance 814.5.
Daily Virtual Steel Mill Report 19/07/24
Verdict: • Short-run Neutral. Macro: • US jobless claims during past week reached 243,000, est. 230,000, last 223,000. Iron Ore Key Indicators: • Platts62 $105.30, +0.35, MTD $108.91. China 45 ports iron ore inventories at 151.31 million tons, up 1.42 million tons on the week, up 25.90 million tons on the year. Daily …
European Close 18/07/24
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London Iron Ore Report 18/07/24
Please click below to view the report 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