FIS API Blog
Iron ore futures booked slight gains on Wednesday to continue the rally for the third consecutive trading day on supply tightness issues. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange hiked upward by 0.40% or RMB 3.50 day-on-day to RMB 888 per tonne on Wednesday. However, the steel rebar contract on …
Continue reading “DCE continues winning streak on small gains”
Verdict – Short-term consolidate at high level. DCE iron ore September contract closed slight lower than yesterday. A further breakthrough on 897.0 would drive price to a fast growing tunnel. However a breakdown on 874.0 would lead iron ore to short-run correction. From hourly chart, slow stochastic KD created dead cross last night and deepened …
Continue reading “Iron Ore DCE September Daily Technical Review Aug 3rd”
Ferrous Market – Brazil iron ore July export 33.99 million tonnes up 13% from June. – China 45 ports arrivals at 25.28 million tonnes, up 1.61 million tonnes. Northern six ports arrivals at 13.96 million tonnes, up 1.09 million tonnes. – Mysteel iron ore deliveries at 23.73 million tonnes previous week, down 815,000 tonnes w-o-w. …
Iron ore futures continued to rally for second consecutive day since the start of week over supply concerns. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 3.31% or RMB 28.50 day-on-day to RMB 890 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange then …
