Category archives: Ferrous

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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Iron Ore DCE September Daily Technical Review 09/06/22

Verdict – Short-term neutral to bearish.   Iron ore rejected by 945- 948.0 area for the fourth day, 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 MACD narrowed below 0 axis. Hourly CCI corrected …

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Daily Virtual Steel Mill Report 09/06/22

Market Verdict on Iron Ore： • Neutral.     Macro • Shanghai port daily containers throughput reached above 95% to pre-pandemic level. However freight rates increased because of shortages on ships.     Iron Ore Key Indicators: • Platts62 $147.25, +0.50, MTD $143.57. Seaborne PBF gathered interests after import margin improved significantly. Iron ore seaborne …

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