Market Verdict on Iron Ore: • Neutral. Macro: • BOE increased interest rate by 50 bps at 4%, refreshed highest since October 2008. ECB increased interest rate by 50 bps to 3%. Iron Ore Key Indicators: • Platts62 $126.70, -2.25.The yesterday market slumped following the China-Australia talk, traders expect more iron ore import …
Category archives: Ferrous
London Iron Ore Derivatives Report 02/02/23
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Coking Coal Report 02/02/23
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European Close 02/02/23
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Singapore Iron Ore Derivatives Report 02/02/23
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Steel and Scrap Morning Report 02/02/23
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Iron Ore Offshore March 23 Morning Technical Comment – 240 Min Chart 02/02/23
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Iron Ore DCE May23 Daily Technical Review 02/02/22
Verdict – Short-term neutral to bearish. DCE iron ore May23 contract maintained correction as expected in previous trading days. The overlapping of mid-run and short-run bearish cycle finally caused a big correction. Hourly MACD expanded in bearish territory. Hourly slow stochastic KD deepened correction. Hourly CCI maintained in bearish territory. Technical signals were indicating testing …
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Daily Virtual Steel Mill Report 02/02/22
Market Verdict on Iron Ore: • Neutral. Macro: • U.S. Federal increased interest rate by 25 bps, and reiterated to continue interest hike in 2023 without mentioning the possibility of interest decrease. Iron Ore Key Indicators: • Platts62 $126.70, -2.25.Physical market started to see great volume today after the derivatives market saw a …
European Close 01/02/23
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