Verdict: • Short-run Neutral. Macro: • US White House announced plans to implement new restrictions on Chinese steel and aluminum products, including raising the 301 tariff on Chinese steel and aluminum products to three times the current level. • US jobless claims last week reached 212,000, est. 215,000, last 211,000. Iron Ore Key …
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European Close 18/04/24
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London Iron Ore Report 18/04/24
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Singapore Iron Ore Report 18/04/24
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Iron Ore Offshore May 24 Morning Technical Comment – 240 Min Chart 18/04/24
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Iron Ore DCE Sep24 Daily Technical Review 18/04/24
Verdict- Neutral. DCE Sep24 tested high and potentially create periodic roof. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD created dead cross in overbought area. CCI dropped from bullish territory to neutral area. Short-run technical signals were indicating an exhaustion. First support 847.0. First resistance 906.5.
Daily Virtual Steel Mill Report 18/04/24
Verdict: • Short-run Neutral. Macro: • ECB governor Joachim Nagel believed that there was increasing probability for a rate cut in June. However the decision needed to confirm the inflation rate is really going down by then. Iron Ore Key Indicators: • Platts62 $116.60, +6.20, MTD $106.13. The resumption of production in China …
European Close 17/04/24
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London Iron Ore Report 17/04/24
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
Singapore Iron Ore Report 17/04/24
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