Verdict: • Short-run Neutral. Macro: • IMF predicted 3.2% and 3.3% growth on global economy in 2024 and 2025 respectively. IMF increased China economy growth from 4.6% to 5%. IMF decreased US economy growth from 2.7% to 2.6%. • Physical gold up 1.92% yesterday, refreshed historical high at $2468.7/oz. Iron Ore Key Indicators: …
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London Iron Ore Report 16/07/24
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Singapore Iron Ore Report 16/07/24
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Weekly Ferrous Report 16/07/24
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Iron Ore DCE Sep24 Daily Technical Review 16/07/24
Verdict- Neutral. Iron ore rebounded during the day as expected. We maintain iron ore neutral unless an effective breakthrough on the 810.0- 843.0 range box. Hourly CCI approached bearish territory. Hourly MACD flattened. Open interest loss by 5,000 lots indicating some investors left and remain watch and see mode. First support 810.0. First resistance 843.0.
Daily Virtual Steel Mill Report 16/07/24
Verdict: • Short-run Neutral. Macro: • China H1 GDP amount at 61.68 trillion yuan, GDP growth rate up 5% on the year. China H1 industrial value added amount above designated scale up 6% on the year. Iron Ore Key Indicators: • Platts62 $108.75, +0.75, MTD $109.75. • Rio Tinto Q2 iron ore production …
London Iron Ore Report 15/07/24
Please click below to view the report 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
Singapore Iron Ore Report 15/07/24
Please click below to view the report 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
Iron Ore DCE Sep24 Daily Technical Review 15/07/24
Verdict- Neutral. Iron ore rebounded during the day as expected. In next session, iron ore potentially enter a range box from 810.0 – 850.0 unless an effective breakthrough on the boundary. Hourly slow stochastic KD created several higher gold crosses and approached overbought area. Hourly CCI corrected to neutral area. Hourly MACD widened in bullish …
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Daily Virtual Steel Mill Report 15/07/24
Verdict: • Short-run Neutral. Macro: • China customs: China toal import and export value of goods reached 21.17 trillion yuan, increased by 6.1% on the year and refreshed the highest single month record. • US June PPI annual rate increased by 2.6%, est. 2.3%, last 2.2%. PPI monthly rate in June increased by 0.2%, …