FIS API Blog
Verdict – Short-term bearish. DCE iron ore keep correction and testing 809.0 area, which was a strong support in last two months. The breakdown on this support indicate iron ore potentially test 783.5 and return to bearish in mid-run. From hourly chart, however KD is flattening. CCI is also potential to create a bullish divergence. …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 14th”
Ferrous Market – Vale port at Malaysia PDM III North and PDM IV South maintenance expected delivery impact arround 518,000 tonnes. – MySteel Australia and Brazil delivery last week down 1.35 million tonnes. Australia delivery 18.58 million tonnes, down 223,000 tonnes. Australia delivery to China 15.95 milllion tonnes, up 161,000 tonnes w-o-w. Brazil delivery 6.88 …
A bit of a quandary for iron ore overnight. Iron ore futures had, as mentioned previously entered a corrective phase within a bull move. We asked the question whether China can keep consuming iron ore at this rate and if so, for how long. Well, apparently that question is hanging a little heavier than we …
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Iron ore futures dipped on high port stocks accumulated over the holidays period, while steel demand slowed from output cut from Tangshan. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.57% day-on-day to RMB 813 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …
Continue reading “DCE falls on high stocks and lower steel output”
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Continue reading “Oil and Ore Intraday Morning Technical 13/10/20”
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A bit of a lacklustre start to the week with the November Iron Ore futures moving two dollars off its highs as it enters a corrective phase. Fundamentally the question is can China keep consuming iron ore at this rate, and if so for how long? There has not been an analyst in the market …
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): …
