Tag archives: IO

BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.     It produced 72.1mn t of iron ore during July-September, up by 2.2pc on a year earlier, reflecting a firm supply chain performance and reduced Covid-19 related impact, which was partially …

Continue reading “BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22”

Iron Ore DCE January Daily Technical Review 18/10/22

Verdict – Short-term neutral. DCE iron ore January contract closed half yuan higher than previous closing. Iron ore maintained weak during most of time today, as created lower lows periodically. At the same time, the intraday movement was rejected by 693.0-694.5 area twice. Hourly MACD created gold cross. Hourly slow stochastic KD created gold cross …

Continue reading “Iron Ore DCE January Daily Technical Review 18/10/22”

Daily Virtual Steel Mill Report 18/10/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. EIA report indicated the biggest shale oil basin production estimated …

Continue reading “Daily Virtual Steel Mill Report 18/10/22”

Rio Tinto Aims For Bottom Of 2022 Iron Ore Target 18/10/22

UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022, after shipping 82.92mn t on a 100pc basis from its Western Australian (WA) operations during July-September.     The firm has a target of 85.71mn t for October-December to hit the bottom of its 2022 guidance, …

Continue reading “Rio Tinto Aims For Bottom Of 2022 Iron Ore Target 18/10/22”