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Continue reading “Oil and Ore Intraday Morning Technical 14/9/20”
Iron ore futures closed higher on Monday, rebounding from last week losses due to better market outlook. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.41% day-on-day to RMB 848.50 per tonne at start of the week. The steel rebar contract on the Shanghai Futures Exchange then bounced …
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Verdict – Short-term neutral. The major push of iron ore was by short covering by Friday night session. Iron ore was rejected below 848.0- 850.0 area for three times during the day. From hourly chart, MACD is narrowing above 0 axis. Slow stochastic KD is narrowing above overbought area. CCI correct from above 100 area …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 14th”
Ferrous Market – Steelbank Inventory: rebar inventories 7.45 million tonnes, down 2.23% w-o-w. HRC inventories 2.08 million tonnes, down 1.98% w-o-w. – The sintered iron ore production curb impact is limited observed from production data. Moreover the winter production curb potentially out in October. Spot lump and pellets growth are limited believed by some mills. …
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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 …
A total of 2.03 million mt of iron ores was exchanged hands for the week ended Sep 11, up 7.69% as compared to the 1.89 million mt recorded last week. Pilbara Blend fines (PBF) accounted almost half of the transacted trades for this week at 49%, lesser than the 57% of market share seen in …
Continue reading “A return for Australian medium grade fines”
Iron ore futures inched up by the end of the week, despite narrowing steel margins and high raw material costs. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose slightly by 0.84% day-on-day to RMB 837 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange ended …
Continue reading “DCE ends the week higher amid narrowing steel margins”
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 …
Continue reading “Oil and Ore Intraday Morning Technical 11/9/20”
