FIS API Blog
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 …
Verdict – Short-term bearish. DCE iron ore extend the correction from yesterday. Daily slow stochastic KD widened after the dead cross created yesterday. Daily MACD and CCI both created bearish divergence with iron ore price over a week. 851.5 changed from support to resistance level. Hourly chart CCI created new low since July 24th. Hourly …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 20th”
Ferrous Market – Ganggu: Construction steel production 5.73 million tonnes, up 0.17% w-o-w. Mills inventory 5.23 million tonnes, up 0.87% w-o-w. Circulation 11.33 million tonnes, up 0.47% w-o-w. – MySteel Rebar Inventory: Rebar production 3.85 million tonnes, down 0.4% w-o-w. Mills inventory 3.67 million tonnes, up 1.16% w-o-w. Circulation inventory 8.67 million tonnes, up 0.96% …
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
HMS 80:20 Turkish Scrap The week started with the Deepsea Turkish import scrap market softened slightly from Friday, as mills looked to push for lower workable prices, while recycler offers remained stable. Prices edge down in wait for demand to pick up. Suppliers keep offers stable with buyers staying on the side-lines causing prices to …
Iron ore futures rose for the third consecutive days since start of the week due to robust Chinese steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange hiked up by 0.88% or RMB 7.50 day-on-day to RMB 857 per tonne on Wednesday. However, the steel rebar contract on the …
Continue reading “DCE continues to rise ahead of peak demand period”
