FIS API Blog
Iron Ore Market Update Market Commentary Iron ore futures slid below $160 on Tuesday on ongoing concerns over steel demand despite an uptick in restocking activities. While Beijing’s efforts to rein in its dirtiest steel sector, China’s total production over the first seven months of the year remained 8% higher than last year’s level, …
Continue reading “Singapore Iron Ore Derivatives Report 17/08/2021”
Iron ore futures dipped at the session close, due to weak market outlook and extension of production cuts to other Chinese regions. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 1.59% day-on-day or down RMB 13.50 to RMB 834/mt, during the day trading session on Tuesday. The rebar futures, also …
FOB China HRC The index rose by $3/t yesterday (16.8.21) to US$931/t, MTD US$928.70/t. China’s industrial production rose by 6.4pc in July from a year earlier, but slower than the 8.3pc gain in June, according to the national statistics bureau. Real estate data showed growth from both 2020 and 2019, but at …
(ARGUS) FOB China HRC – The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t. China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …
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Iron Ore Market Update Market Commentary Iron ore futures fell on Monday after China’s steel production plunged to a 15-month low in July as China’s efforts to cut emission are starting to take effect. According to official data, steel output fell by 8.4% on year to 86.8 million tonnes. However, over the first seven months, …
Continue reading “Singapore Iron Ore Derivatives Report 16/08/21”
Iron ore futures opened high at the start of the week, recovering ground from previous slump last week, as restocking activities picked up among mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.29% day-on-day or up RMB 19 to RMB 850.50/mt, during the day trading session on Monday. The …
Verdict – Short-term neutral to bullish, potentially test high in next trading session. DCE iron ore January rebounded slightly following the previous prediction indicating oversold. The previous two day rebound with big volume however limited growth, indicated the rebound has some confliction. The short-run roof was close to 860.5 area, from hourly chart iron ore …
Continue reading “Iron Ore DCE Jan Daily Technical Review 16/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · Indian PM Modi indicated India will start 100 trillion rupee(1.35 trillion U.S. dollar) in the new infrastructure projects to increase job roles and new energy projects. · China central bank stated on Saturday that current Chinese Yuan potentially appreciate or depreciate, which potentially …
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
