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Vale expected to ship more iron ore to China in 2020
Brazil’s Vale SA expects iron ore shipments to China to rise in 2020, versus 2019, due to falling demand in other countries hurt by the coronavirus pandemic, according to a phone call between the miner and the China Iron and Steel Association. Production at Vale has not been impacted by the pandemic and it is…
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Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS MorningTechnical Iron Ore Offshore 02-06-20 -
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New Virus Hotspot Latin America Houses World’s Biggest Mines
The decision to keep Chinese factories shut after the Lunar New Year sent shudders through the giant mines of Brazil and Chile that feed them. Now, with China getting back to work and Latin America the new virus hotspot, concern is shifting from demand to supply. Iron-ore shipper Vale SA had a scare last…
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Capesize June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Capesize 01-06-20 -
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Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS MorningTechnical Iron Ore Offshore 01-06-20 -
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Copper Rallies After Trump Remarks, China Data
Copper in Shanghai headed for its best close since March in a relief rally after U.S.-China tensions eased and manufacturing data from the Asian nation pointed to a continuing slow recovery. President Donald Trump’s threatened new measures against China proved weaker than expected, easing a major source of market jitters over the past week. That left…
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China’s May Steel Industry PMI Rises to 50.9 (Table)
Following is a table for China’s steel industry purchasing manager’s index (PMI) in May. and Purchasing, together with Shanghai-based Xiben New Line. Steel industry PMI index at 50.9 following 45.9 in April Output index at 56.4 following 53.4 in April PMI data is released by the Beijing-based National Bureau of Statistics and Federation of Logistics…
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Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS MorningTechnical Iron Ore Offshore 29-05-20 -
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Shine, shine, shine a light
We are seeing History in the making when the European Union announced its 750 billion- Euro ($824 billion) recovery package, aimed at boosting economic growth and creating a swathe of new jobs. The capital injection will have global financial markets breathing a sigh of relief, following the commitment from China at the Two Session to…
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Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS MorningTechnical Iron Ore Offshore 28-05-20
