Market Verdict on Iron Ore： • Neutral. Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days. Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …
Tag archives: IO
Ferrous Weekly Analysis Report 24/05/22
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
London Iron Ore Report 24/05/22
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
Ship Shape: Pax Sinaca
Ship Shape: Pax Sinica It was announced this week that the Chinese government will be offering 140 billion yuan ($21.1 billion) in tax relief to companies. This package is one that is aiming to help the country deal with the economic impact of covid-19 spread and resulting lockdowns. The new measures included additional …
Singapore Iron Ore Derivatives Report 24/05/22
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
Iron Ore Offshore June 22 Morning Technical Comment – 240 Min Chart 24/05/22
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
Iron Ore DCE September Daily Technical Review 24/05/22
Verdict – Short-term neutral. DCE iron ore September climbed fast in the first minute, rejected by the high of May 6th. Iron ore gave back half of gains by closing. Hourly slow stochastic KD created dead cross near the boundary of overbought area. Hourly CCI corrected to neutral area. MACD narrowed above 0 axis. …
Continue reading “Iron Ore DCE September Daily Technical Review 24/05/22”
Daily Virtual Steel Mill Report 24/05/22
Market Verdict on Iron Ore： • Neutral. Macro • Li Keqiang presided State Council meeting and implemented 33 measures in six areas, mainly including: annual tax rebate and reduction of 2.64 trillion yuan, doubling the amount and proportion of loan tools to small capitals, removing unreasonable restrictions and fees in the supply chain, promoting …
A Room with a Technical View 23/05/22
Capesize June futures – Technically bullish last week but in a corrective phase; having traded to a low of USD 34,625 the futures have traded above the USD 39,250 high, to USD 43,500. Elliott wave analysis would suggest we are on a wave 5 of the cycle that started on the 29/04/22 with a potential …
European Close 23/05/22
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