Category archives: Ferrous

FIS Castaway Podcast – Episode 44

FIS Castaway Podcast – Episode 44    Don’t get caught napping on China’s 5 year plans, OPEC meeting and commodity market movements. Listen this this week’s podcast where we update you on iron ore, steel, freight and oil markets     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-44-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/39jPLg2bncGZoilLeOi32A?si=sD5N7uoqRaS2EnhGeiCSWA   And Itunes https://podcasts.apple.com/gb/podcast/episode-44/id1507094242?i=1000511419554     Disclaimer: This …

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Daily DCE Review 3/3/21

Iron ore futures inched up further today, following the rally at the start of the week on market optimism over steel demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 1.81% day-on-day or RMB 20.50 to RMB 1,153.50/mt on Wednesday. The steel rebar contract on the Shanghai …

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Iron Ore DCE May Daily Technical Review 3/3/21

Verdict – Short-term neutral. DCE iron ore movement were narrowing within the 90 yuan range from 1089.5- 1080.0. Open interest and volume both rebounded slightly. From hourly chart iron ore support moved higher from 1089.5 – 1117.5 – 1130.0. The major resistance on 1078.0- 1080.0. Iron ore from hourly chart created an ascending triangle. Thus, …

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Ferrous Daily Physical Review 3/3/21

Ferrous Market –    Tangshan closed 7 blast furnaces(450m³) and set target to quit the low rank on air pollution level among 168 major inspected cities. China political conference started from today and market expect Hebei air pollution level would come down following historical rule. Tangsong indicated pig iron decrease by 11,500 tonnes/day. Current pig iron …

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