FIS API Blog
Iron Ore Tests key Support But Refusing to Buckle Onshore iron ore futures have held above key support levels this morning, having failed to break below the weekly pivot point at RMB 625.7. Fundamentally vulnerable on the back of a global slowdown due to the COVID-19 pandemic, there is increasing bearish rhetoric regarding the performance …
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Iron Rises With Brazil Flows, Australian Spat in Focus Iron ore futures gained as major producer Brazil continued to post lower shipment figures and investors tracked escalating trade tensions between China, the top iron ore buyer, and Australia, its largest supplier. Brazil’s daily average exports of iron ore and concentrated products was 1.04 million tons …
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Copper Rolling 3 Month Morning Technical Comment – 240 Min Chart
Iron Ore Offshore June 20 Morning Technical Comment – 240 Min Chart
Recovery Quickens as PBOC Vows Support Chinese industrial commodities began the week on the front foot after the central bank pledged more powerful policies to combat the coronavirus’s hammer blow to growth. The evidence of the past few days, from shrinking crude and metals stockpiles, to the rebound in car sales and usage, suggest that …
FIS Technical – DCE Iron Ore Sep 20 Upward price action has put the futures above the 8—21 period EMA’s and the RSI above 50. The EMA’s themselves remain flat with price below both the 55 and 200 period MA’s. CNY 625.8 remains a key technical level, price action that fails at or below this …
Iron Ore Offshore June 20 Morning Technical Comment – 240 Min Chart
Iron Ore Offshore June 20 Morning Technical Comment – 240 Min Chart
Conflicting Views on Iron Ore – Two Sides of the Fence Conflicting views in the Iron ore sector this morning with Citigroup calling for iron ore prices to fade to USD 70/ton as we approach May and seasonal weakness in China steel demand. The bank noted that the decline is taking longer than anticipated due …
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Chinese futures rose on Wednesday despite some earlier losses at the start of the session. As such, the most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) rose by 1.16% day-on-day to RMB 613 per tonne on Wednesday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also …
Continue reading “DCE rebounds over higher China’s infrastructure spending”
