DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fb3883/oreteam_iron_ore_t) has announced the addition of the "OreTeam Iron Ore Tracker - Vol 104" report to their offering.
OreTeam's SentiMeter comes to the aid of Indian Iron Ore Industry
OreTeam launches a new tool SentiMeter for the Indian iron ore industry on the back of the Iron Ore & Freight Conference 2011 organized in June this year. Sentiment, as the name suggest compiles the required sensitivities of the market and focuses on delivering the right sentiment prevailing in the market. This direction will help the participants to devise the correct decision for their businesses. SentiMeter's main role is to monitor the market sentiment for the Indian iron ore industry and relay the results on a scale of 8 different levels starting from excellent trading sentiment to a critical breakdown.
The SentiMeter was tested at the recently concluded OreTeam's Iron Ore & Freight Conference 2011 where many experts reviewed its performance and also suggested some technical changes which have been incorporated into the system. Industry experts at the conference believed that there was an immediate requirement of an authentic and India centric scale on which the entire iron ore trade could be measured. The various resources and market intelligence services available in the market today have different variations from prices to volumes but for the most critical Indian spot trade there was an intense need to monitor the resources in hand. SentiMeter in these terms is the best available tool today.
The current results indicate the sentiment swinging towards a Bargain Hunting phase where Chinese steel mills are stepping back into the market to acquire Indian cargoes but at good discounted levels when compared to the reference spot prices.
Also introduced are new Pricing Headers:
- Indian domestic rebar prices
- Indian export and import steel prices
- China's export steel prices
- Recent Australian transactions
Key Highlights:
- Insight into the Iron ore trade today
- OreTeam Price Indices - Iron Ore & Freight
- Recent Transactions
- Daily Commodity Prices
- Write ups on Indian Steel Industry Demand Killing the Upward Movement in Steel
- Write on Chinese PMI
- Baltic Indices
- Steel Prices in India - Export Sector Prices
- Domestic & Market Iron ore prices in China & India
- Pellet and lumps prices
- SGX Iron Ore Futures
- SHFE Rebar Future Prices
For more information visit http://www.researchandmarkets.com/research/fb3883/oreteam_iron_ore_t