Tag archives: IO

Daily Virtual Steel Mill Report 01/09/22

Market Verdict on Iron Ore： • Neutral.   Macro • Eurozon August CPI up 9.1% on the year, refreshed historical high, est. 9%, last 8.9%. • The number of U.S. ADP in August was 132,000, much less than expected 300,000.   Iron Ore Key Indicators: • Platts62 $100.95, +3.35, AUG AVG $104.76. PBF and NMHG …

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Iron Ore DCE January Daily Technical Review 31/08/22

Verdict – Short-term neutral.   DCE iron ore January contract tested low and recovered some loss as expected from last report. Iron ore closed at same level with yesterday. Hourly MACD narrowed below 0 axis. Hourly CCI created bullish divergence with candles. The last four candles proved a consolidation pattern, the four lows fell into …

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Daily Virtual Steel Mill Report 31/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • ECB official indicated to increase previous interest hike from 50 bps to 75 bps. • China August Manufacturing PMI 49.4, est. 49.2, last 49.0.   Iron Ore Key Indicators: • Platts62 $97.60, -4.15, MTD 104.94. Both seaborne and portside market saw a cooling down on …

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Platts Commodity Flow Summary 31/08/22

Iron ore seaborne shipments from Rio Tinto, BHP, Vale, Fortescue Metals Group and Roy Hill, as well as from Saldanha port in South Africa, rose by 7.9% to 22.48 million mt in the week commencing Aug.21, according to Platts cFlow ship and commodity tracking software from S&P Global Commodity Insights. Average volumes over the previous …

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