Market Verdict on Iron Ore： • Neutral to bearish. Macro • Shanghai financial department statistic indicated that 9472 enterprises above designated scale resumption rate reached 96%, utilisation rate reached 69%, up 20% from the first week of June. Daily electronic consumption up 5.6% last week, which was 86% during same period over last year. …
Category archives: Ferrous
POSCO Halts Some Plants Due To South Korea Trucker Strike 13/06/22
Top Steelmaker in South Korea Halts Production on Trucker Strike South Korea’s top steelmaker Posco said it has halted output of some products as a prolonged strike by truck drivers adds more disruption to global supply chains. The Pohang-based company stopped production at its four wire-rod factories and two cold-rolled steel plants as of …
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European Close 10/06/22
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Singapore Iron Ore Derivatives Report 10/06/22
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Iron Ore Physical Trade Summary 10/06/22
1. Corex traded Fe62.3% 90kt Newman Fines at $141.4, loading Jul 1 – 10th 2. Corex traded 50kt PB Lump+ 120kt PBF both based on Platts62% June Index + $2, loading Jun 7 -16th
Iron Ore DCE September Daily Technical Review 10/06/22
Verdict – Short-term neutral to bearish. Iron ore started to slowly head down after rejected on the strong resistance of 945- 948.0 during the week, DCE saw IO interest around two-year high. Maintaining the view from previous reports, it is hard to expect a big breakthrough given a limited amount of new buyers. Hourly …
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Daily Virtual Steel Mill Report 10/06/22
Market Verdict on Iron Ore： • Neutral. Macro • China May CPI up 2.1% y-o-y, est. 2.2%, last 2.1%. May PPI up 6.4%, est. 6.4, last 8%. • China Customs statistic indicated that during Jan to May 2022, China imported 447 million tons of iron ores, down 5.1%. China imported 95.96 million tons of …
Iron Ore Offshore July 22 Morning Technical Comment – 240 Min Chart 10/06/22
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Iron Ore Drops As Covid Cases Rebound In Major Chinese Cities 10/06/22
Iron Ore Drops Below $140 With China Virus Fears Resurfacing Iron ore fell for a second straight day in Singapore on signs China’s exit from virus restrictions islikely to be far from smooth. The steel-making ingredient dipped below $140 a ton after Shanghai said it will lock down eight districts this weekend to mass …
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European Close 09/06/22
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