Market Verdict on Iron Ore： · Iron ore neutral. Macro： · U.S. Q1 GDP growth rate at 6.4%, higher than 6.1% expected. Iron Ore Key Indicators: · Platts62 $190.45, unch, MTD $179.29. Corex PBF yesterday traded with a $6 premium based on June Index, which was unchanged to the day before. However miner traded a …
Tag archives: iron ore
Iron Ore DCE Sep Daily Technical Review 29/4/21
Verdict – Short-term neutral. DCE iron ore September contract consolidated as previous expected in wide range with increasing volume and smaller open interest because of approaching Labor Day. However hourly stochastic KD created dead cross. Hourly MACD widened below 0 axis. Iron ore currently has no clear trend within the range box of 1110.5 – …
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Daily Virtual Steel Mill Report 29/4/21
Market Verdict on Iron Ore： · Iron ore neutral. Macro · U.S. federal maintained the interest rate between 0-0.25% unchanged, in line with market expectation. Powell announced that Federal will seek financial facilities to decrease inflation rate if inflation goes beyond 2%. Iron Ore Key Indicators: · Platts 62%: $190.45 (-3.40) MTD $178.70. Port market …
Iron Ore DCE Sep Daily Technical Review 28/4/21
Verdict – Short-term neutral. DCE iron ore September contract tested low in night session and rebounded during day session. Hourly slow stochastic KD created dead cross near overbought area and then flattened. Hourly CCI rebounded from -100 area. 1166.0 level has become a significant resistance level during current two days. The major support from 1113.0- …
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Daily Virtual Steel Mill Report 28/4/21
Market Verdict on Iron Ore： · Iron ore neutral. Macro · China national Bureau of Statistics indicated Jan-Mar above scale industry enterprise realised 182.54 million yuan profit, up 1.37 times y-o-y, up 50.2% compared with same period in the year 2019. · Several cities in eastern China started the fifth round of price increase on …
FIS Weekly Virtual Steel Margin Report 27/04/21
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Iron Ore DCE Sep Daily Technical Review 26/4/21
Verdict – Short-term neutral. DCE iron ore September contract flattened during the day session after a big spike on Friday night session. Hourly slow stochastic KD was flattening near overbought area. Hourly CCI corrected from 6 month high to above 100 area. Candles were indicating volatility are decreasing. Technical signals were indicating an exhaustion on …
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Daily Virtual Steel Mill Report 26/4/21
Market Verdict on Iron Ore： · Iron ore neutral. Iron Ore Key Indicators: · Platts 62%: $185.10 (+1.50) MTD $176.22. Iron ore port trades and seaborne trades both increased significantly before China’ Labor day started from this Saturday. However major contributor was the weakened U.S. dollar supported all dollar-linked asset, iron ore was the most …
Capesize May 21 Morning Technical Comment – 240 Min 01/04/21
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FIS Weekly Virtual Steel Margin Report 30/03/21
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