Market Verdict on Iron Ore： • Neutral to bearish. Macro: • China’s Ministry of Finance: In 2023, China will appropriately increase fiscal expenditure, promote recovery of consumption market. • Many dry bulk shipowners will have to slow steam their fleets for their vessels to achieve a passing rating in the International Maritime Organization’s (IMO) …
Category archives: Ferrous
London Iron Ore Derivatives Report 03/01/23
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European Close 03/01/23
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Coking Coal Report 03/01/23
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Singapore Iron Ore Derivatives Report 03/01/23
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Iron Ore Offshore Feb 23 Morning Technical Comment – 240 Min Chart 03/01/22
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Steel and Scrap Morning Report 03/01/23
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Iron Ore DCE May23 Daily Technical Review 03/01/22
Verdict – Short-term neutral. DCE iron ore May23 contract corrected as expected. Hourly slow stochastic KD created a dead cross below overbought area. Iron ore maintained above 40-hour moving average after November 25th. Thus, it take sometime to evaluate a real correction at this level. Moreover, the intraday low used to be strong support last …
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Iron Ore DCE May23 Daily Technical Review 30/12/22
Verdict – Short-term neutral. DCE iron ore May23 contract refreshed listed high during the day, mid-run maintain bullish trend. Be aware of short-run reversal across holiday. DCE may was almost flat to January. Thus, futures on far month was valued at high level. The first support is 841.5. The first resistance is 875.0
Daily Virtual Steel Mill Report 30/12/22
Market Verdict on Iron Ore： • Neutral. Macro: • China’s Ministry of Finance: In 2023, China will appropriately increase fiscal expenditure, promote recovery of consumption market. • U.S. jobless claim increased 9,000 to 225,000, as expected. • Australia and India signed an agreement ECTA, aiming to decrease the bilateral taxes. Iron Ore Key …