Market Verdict on Iron Ore: · Iron ore short-run neutral. Macro · China central bank PBOC decrease RRR by 0.5% on July 15th, an equivalent of 1 trillion yuan. However PBOC strategy commissioner said the RRR cut was neutralizing the maturity of MLF, the entire liquidity system was balanced and stable. · A spokesman for …
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London Iron Ore Market Report 09/07/21
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FIS Singapore Iron Ore Derivatives Report 09/07/2021
Market Commentary second half of the year, SinoSteel Futures wrote in a note. From the 1H iron ore exports to China Platts data showed, Vale and Rio Tinto respectively shipped 128.11Mt and 148.83Mt in the last six months against their annual production guidance of 315-335Mmt and 325-340Mmt. If environmental-related production restrictions are to be implemented …
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Daily Virtual Steel Mill Report 8/7/21
Market Verdict on Iron Ore: · Iron ore short-run neutral. Macro · From January to June, the cumulative growth rates of domestic sales of large, medium and small excavators were 9.8%, 45.5% and 18.7% respectively. Although they still maintained the growth trend, but were 7.2%, 9.7% and 6.6% slower than previous five months. The growth …
European Close 08/07/21
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London Iron Ore Market Report 08/07/21
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Oil and Ore Intraday Morning Technical 08/07/21
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Iron Ore DCE Sep Daily Technical Review 8/7/21
Verdict – Short-term neutral to bearish. DCE iron ore September rejected below previous high at 1252.0 level. From hourly chart, the iron ore was also rejected by 1204.0 level, which was close to a neckline of a double top pattern. The price movement and candle pattern were indicating iron ore price entered a corrective phase. …
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Daily Virtual Steel Mill Report 8/7/21
Market Verdict on Iron Ore: · Iron ore short-run neutral. Macro · China Prime Minister held a conference to facilitate RRR cuts focusing on decrease cost for mid-small capital enterprises. The RRR cuts were not related to a general loose on money supply. · According to the National Development of Reform Commission’s “14th five year” …
London Iron Ore Market Report 07/07/21
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 US (FL): +1 813 490 6630