Tag archives: IO

Daily Virtual Steel Mill Report 29/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal maintained 0-0.25% unchanged as interest rate, fell in expectation. ·         FTSE A50 Index rebounded near 3% overnight. Shanghai Equity rebounded 1.5% in early afternoon. Iron Ore Key Indicators: ·         Platts62 $201.25, +0.80, MTD $214.54. ·         China Iron and Steel Association(CISA): The …

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Podcast – Episode 65 – Battery Metals Special

FIS Castaway Podcast – Episode 65 – Battery Metals Special     With the growing ESG revolution and growth of EVs we talk to Jack Nathan, Peter Hannah and Will Adams about battery metals alongside an update of freight, oil and iron ore markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-65/   Spotify https://open.spotify.com/episode/4LiB5G1KynQ9gmBNIgJjJm?si=xCV9YC4XT6OnGNypbiE_FQ&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-65-battery-metals-special/id1507094242?i=1000530272756   …

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Daily DCE Review 28/7/21

Iron ore futures recovered from previous day slump and inched up slightly at the close for the day trading session on Wednesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 0.22% day-on-day or RMB 2.50 to RMB 1,137.50/mt during the day trading session on Wednesday. The rebar futures, however …

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Iron Ore DCE Sep Daily Technical Review 28/7/21

Verdict – Short-term neutral. DCE iron ore September finally ended with a rebound almost cover the loss from last trading day. However the rebound with small volume was not strong enough to create a firm trend. Hourly MACD expanded above 0 axis. The lower support at 1100- 1103.5 provide strong rebound several times from early …

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Daily Virtual Steel Mill Report 28/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         National Bureau of Statistics: H1 2021 above designated industry companies total profit 4.22 trillion yuan, up 66.9% y-o-y, up 45.5% compared to the year 2019. ·         IMF global economic development review indicated the year 2021 global economy growth at 6%, in the year …

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