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Continue reading “DCE Iron Ore Nov 20 (Rolling Front Month)”
Tanker, Tailor, Soldier, Fly People may be forgiven for thinking that the last seven days was a slow news week, as the biggest headline grabber was the two-minute appearance of a fly on the head of US Vice President Mike Pence. This has launched a flurry of activity with Jim Carrey playing the fly …
Continue reading “Ship Shape: FIS Commodity Weekly 12/10/20”
Iron ore futures made small gain for the day due to the high steel stocks and little price movement in steel products. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange stayed almost flattish but inched up by 0.36% day-on-day to RMB 825 per tonne on Monday. The steel rebar contract …
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 …
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 …
Verdict – Short-term neutral. DCE iron ore correct slightly during the whole trading day. From hourly chart, MACD is potential to create a dead cross. Slow stochastic KD created dead cross above overbought area. CCI has created new low in October. If iron ore breakdown 809.0 area potentially drive market to bearish territory, otherwise iron …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 12th”
Ferrous Market – MySteel surveyed Tangshan winter production curb will decrease 2.7 million tonnes of steel production. In the year 2019 production curb impact 6.3 million tonnes. – Steelbank Inventory: construction steel inventories 7.31 million tonnes, down 0.91% compared to the week before golden weeks. HRC 2.5 million tonnes, up 17.17% to the week before …
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 …
Golden week is over and for iron ore it means the bulls are back in town. Headlines on Bloomberg noted that combined exports from Port Hedland and Brazil are the highest ever, whilst steel inventories which normally see a 15% to 20% decline in Q3 have seen an increase of 3%. However, an Analyst at …
Iron ore futures jumped with the return of Chinese trade participants from the holidays and good economic indicators in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then surged by 4.80% day-on-day to RMB 830 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange then …
Continue reading “DCE rises with the return of Chinese trade participants”
