FIS API Blog
Verdict – Short-term bearish. DCE iron ore correct for the fourth consecutive day, with lower lows and highs in a descending tunnel. Daily slow stochastic KD is correcting, weekly slow stochastic KD dead cross. CCI daily is moving in sharper descending trend compared with iron ore price. MACD created dead cross during the day. Technical …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 24th”
Ferrous Market – Shanghai 16-25mm rebar consolidate from 3670- 3690 yuan for previous 6 weeks. However Rizhao PBF increased 18.63% during the same period. Thus many northern mills rebar profit has been squeezed to negative area. Mills started to think about decrease sintering ores and increase proportion of lumps, which currently running at historical low …
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
A total of 2.035 million mt of iron ore was exchanged hands for the week ended Aug 21, with Australian fines accounting most of the trades. Australia’s Mac fines garnered most of the market share at 18.67%, followed by Jimblebar fines at 17.69%, while the Brazil’s Carajas fines coming in third at 14.50%. During the …
Continue reading “Supply tightness push iron ore prices to further height”
Iron ore futures closed lower by the end of the week, as more buyers became cautious after iron ore prices reached a record-high level earlier in the week. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.29% or RMB 11 day-on-day to RMB 841.50 per tonne on …
Sleepy Joe may have confirmed Kamala Harris as his running mate for the US Presidency, but there is another sleepy factor lurking in the background, ready to bring either fireworks or a quiet slide into obscurity towards the end of this year. The world has endured a period of huge upheaval. From the virus outbreak …
Continue reading “Ship Shape – A Sleeping Bull in a China Shop”
Verdict – Short-term bearish. DCE iron ore extend the correction for the third trading day of the week. DCE iron ore Jan contract challenged 860 area for six times and all ended with failure. From hourly chart, iron ore broke neckline around 841.0 and start to deeper correction targeting 807.5. MACD widened below 0 axis. …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 21st”
Ferrous Market – MySteel 45 ports iron ore inventory at 112.42 million tonnes, down 813,300 tonnes w-o-w. Daily evacuation 3.27 million tonnes down 12,600 tonnes w-o-w. Australia iron ore on ports at 57.86 million tonnes down 967,800 tonnes w-o-w. Brazil iron ore on ports at 28.45 million tonnes up 693,000 tonnes w-o-w. 185 ships at …
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
Iron ore futures ended the bullish run after iron ore prices reached a six year high recently on robust Chinese steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.40% or RMB 12 day-on-day to RMB 848 per tonne on Thursday. Similarly, the steel rebar contract on …
