Tag archives: IO

South African Kumba Iron Ore Delivery Distrupted On Rail Issue 11/10/22

S African Kumba iron ore volumes may fall on rail issue   South African logistic utility Transnet’s force majeure declaration has disrupted shipments from UK-South African miner Anglo American’s Kumba iron ore operations in South Africa.   Kumba received a notice of force majeure from Transnet on 7 October because of strike action by Transnet’s …

Continue reading “South African Kumba Iron Ore Delivery Distrupted On Rail Issue 11/10/22”

A Room with a Technical View 10/10/22

Capesize November Futures – The technical was bullish neutral last week, having held fractal support at USD 14,750. The futures had been moving higher, supported by an oversold stochastic alongside a neutral RSI; we highlighted key resistance at USD 18,917. Upside moves that failed at or below this level would leave the futures vulnerable to …

Continue reading “A Room with a Technical View 10/10/22”

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

Verdict – Short-term neutral to bullish.   DCE iron ore January contract rebounded significantly after broke important resistance area from 731.0- 736.0 area. However the price was almost unchanged during the last three hours. Hourly CCI potentially head back from bullish territory to neutral area. Hourly slow stochastic KD was still approaching overbought area. The …

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

Daily Virtual Steel Mill Report 10/10/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Chinese September Caixin PMI 49.3, first time below boom and bust line after June. Caixin Manufacturing PMI down 1.4% at 48.1.   Iron Ore Key Indicators: • Platts62 $95.80, unchanged, MTD $95.62. The trade activity in general eased off before and during golden …

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