FIS API Blog
Verdict – Short-term neutral. DCE iron ore rebound strongly during the day, majorly contributed by previous short covering and taking gains. In particular after 14:30 p.m., indicating money flow out to avoid cross holiday risk. After holiday expected a reverse on this speculation. A breakthrough on 809.0 would indicate market recovering to consolidation. A rejection …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 30th”
Ferrous Market – Vale stopped Minas Gerais mining company Viga for 3 months, total impact 999,000 tonnes of pellitising iron ores. It is the second time of closure after Vale acquired this company from last August. However no direct impact on mid-stream concentrates. – Mysteel(Sep 21- 27th) Australia and Brazil iron ore total delivery at …
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Iron ore futures went up higher with Vale’s suspension of concentration plant in Brazil, stroking supply concerns in the market. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by 1.43% day-on-day to RMB 780.50 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …
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 (KS): +1 813 490 6630
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
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 (KS): +1 813 490 6630
Iron ore futures posted slight gain on Monday, despite the cooldown of restocking activities ahead of the Golden week holidays. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.92% day-on-day to RMB 770 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …
Continue reading “DCE inches up on cooling market activities”
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 (KS): +1 813 490 …
Verdict – Short-term neutral. DCE iron ore technically entered a consolidation range. Iron ore created long upper and lower shadow for previous five trading days, indicating long and short are in a conflicting sentiment. In particular, position level didn’t decrease significantly before golden weeks. From daily pattern, slow stochastic KD potential create gold cross below …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 28th”
