Daily Virtual Steel Mill Report 22/08/23

Verdict: • Short-run Neutral.   Macro: • The unchanged 5-year LPR versus 10 bps decrease on 10-year LPR indicated a limited liquidity of China commercial banks. However commercial banks need to maintain the resilience of liquidity supply to real entities. The market expect more rate cuts in the following months in H2.   Iron Ore …

London Iron Ore Market Report 21/08/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …

Iron Ore Market Daily Report 21/08/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …

Iron Ore DCE January24 Daily Technical Review 21/08/23

Verdict- Neutral. DCE Jan24 contract rebounded slightly as expected. Hourly MACD narrowed in bullish area. Hourly candles indicated that iron ore pulled back to last support area from 770.0 –777.0. The short-run resistance was 789.0, which was the last high created in June 26hth. Short-run technical signals were indicating a consolidation. First support 759.0. First …

Daily Virtual Steel Mill Report 21/08/23

Verdict: • Short-run Neutral.   Macro: • Beijing planned to allow local governments to sell 1.5 trillion yuan of special bounds to repay debts. Banks cut key lending rates by 15 bps this week.   Iron Ore Key Indicators: • Platts62 $109.35, +0.55, MTD $105.60. The traders were concerning about the fast uptick on low …

London Iron Ore Market Report 18/08/23

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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …