FIS API Blog
Iron ore futures extended losses as investors focus on the outlook for supply, while deepening strains between China and the U.S. hang over global markets. “Iron ore shipments have increased significantly recently, while port inventories remain at a low level despite the slight rise in volume,” Huatai Futures said in a note. Although supply has …
Continue reading “Iron Ore Drops on Supply Outlook, U.S.-China Tensions”
The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong, people familiar with the matter said, as the Trump administration weighs whether to declare the former colony has lost its autonomy from Beijing. The Treasury Department could impose controls on transactions and freeze assets of Chinese officials and …
Continue reading “U.S. Mulls Sanctions on Chinese Officials, Firms Over Hong Kong”
Iron Ore and Steel Market Updates – Japan JFE steel will settle the subsidiary Nippon EGalv Steel in Malaysia after a financial loss. The mill will stop operation in this June. – Baffinland Iron Mines will keep operating at 6 million tonnes mtpa before the end of 2021. Indian Sponge Iron Manufacturers Association appealed to …
Iron ore futures were softer on Tuesday as data showing higher shipments from Australia and Brazil eased off supply concerns. According to data by Mysteel, shipments from Australia and Brazil were up by 4.08 million tonnes from a week earlier to 26.03 million tonnes. Furthermore, port overhauls in Australia and Brazil was completed on …
Continue reading “Iron ore futures fall as higher shipments ease supply fears”
Chinese futures continued the downward slope since the start of the week, as market participants waited for clearer market directions. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped by 2.99% day-on-day to RMB 698.50 per tonne on Monday. Similarly, the steel rebar contract on the Shanghai Futures …
Continue reading “DCE slides as participants seek clearer direction”
Ferrous Sector Money-flow: DCE iron ore started to soften after open interest reached a yearly-high, indicating previous longs are taking gains. Coke became the leader of ferrous sector during previous week and early this week. DCE September iron ore total contract value was 65 billion Yuan, the peak in 2019 was 75 billion yuan. However, …
Continue reading “High volatility expected, but iron ore risks reversal”
Chinese futures ended the week on slight gains as trade participants waited for further market direction from China’s Two Sessions. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, gained slightly by 0.77% day-on-day to RMB 716.50 per tonne on Friday. On the contrary, the steel rebar contract on …
Continue reading “Slight gains for DCE as market wait for clearer directions from Two Sessions”
Nickel in London fell from a two-month high after futures in Shanghai slumped by the daily limit in a sudden move during overnight trading. Prices on the London Metal Exchange fell more than 4% on Friday, trimming their weekly gain. Nickel on the Shanghai Futures Exchange pared losses after tumbling as much as 8.6% in …
Continue reading “Nickel Drops From Two-Month High After Sudden Slump in Shanghai”
