Market Verdict on Iron Ore: • Neutral to bearish. Macro: • U.S. non-agriculture employment reached 517,000, created the biggest increase since July 2022, est. 185,000, last 260,000. • The Institute of Economy, Chinese Academy of Social Science published predictions on GDP growth at 3.4%, 7.2%, 4.2% and 5.2% for the four quarters of 2023 …
Category archives: Ferrous
Coking Coal Report 03/02/23
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European Close 03/02/23
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London Iron Ore Derivatives Report 03/02/23
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Iron Ore March 23 (rolling Front Month) 03/02/23
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Singapore Iron Ore Derivatives Report 03/02/23
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Iron Ore Offshore March 23 Morning Technical Comment – 240 Min Chart 03/02/23
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Steel and Scrap Morning Report 03/02/23
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Iron Ore DCE May23 Daily Technical Review 03/02/22
Verdict – Short-term neutral. DCE iron ore May23 contract reversed the pervious bearish sentiment and failed to breakdown important resistance at 826.5. Hourly slow stochastic KD created gold cross above oversold area. Hourly MACD narrowed below 0 axis. Short-run neutral. The first support is 826.5 The first resistance is 870.0
Daily Virtual Steel Mill Report 03/02/22
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 …