Iron ore futures closed on the high due to increased steel production and stable steel demand in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.32% day-on-day to RMB 789 per mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, dipped …
Category archives: Ferrous
Steel & Scrap Morning Report
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Oil and Ore Intraday Morning Technical
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FIS Weekly Ferrous Report 20102020
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European Close 19-10-20
The November iron ore futures traded up to a high of USD 117.36 but failed to hold at these levels during the Asian day session, as concerns about increasing supply continue to linger. However, price is up 0.64% from the Singapore close (USD 116.20) but below the USD 1116.76 level that we were seeing on …
London Iron Ore Market Report
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Steel & Scrap Morning Report
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): …
DCE drops on mixed market outlook
Iron ore futures opened high before plunging at the close, as the market digested the economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then dropped slightly by 0.38% day-on-day to RMB 781 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange also …
Oil and Ore Intraday Morning Technical
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Iron Ore DCE January Daily Technical Review Oct 19th
Verdict – Short-term bearish. DCE iron ore tested high below 809.0 on Friday night session, however corrected deeply during Monday. From hourly chart, the rejection around 809.0 area indicated iron ore shift back to bearish territory. Iron ore potentially test 751.5, which was a three month low level. CCI rebounded from the lowest level last …
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