FIS API Blog
CISA calls for increased production of domestic iron ore China iron and steel Association continue to focus on supply issues for the world’s second largest economy as it emerges from a forced lockdown that continues to blight countries around the world. Over a year after the Brazilian dam disaster which killed over 200 people; iron …
Continue reading “Chinese Iron Ore Supply Once Again in Focus”
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-MorningTechnical-Iron-Ore-Offshore-28-05-20.pdf
Verdict – Short-term neutral. DCE iron ore consolidate and rebound during the day. Short-run entered a new platform from 700.0 -713.0. From hourly chart, 713.0 was the neckline previously, as well as an intraday resistance. Iron ore aggregated interest flats and fewer changing hands also caused much smaller volume. Hourly CCI was strong. MACD gold …
Iron Ore and Steel Market Updates – Australia Anti-Dumping Commission start to investigate on imported colored steel belt from China and Vietnam. The investigation period from April 1st,2019 – March 31st, 2020. – MySteel Rebar Inventory: Rebar production 3.94 million tonnes, up 0.63% w-o-w. Mills inventory 3.05 million tonnes, up 1.38% w-o-w. Circulation inventory 8.03 …
Iron ore futures surged on Wednesday on renewed concerns over the worsening coronavirus crisis in Brazil. Unlike many other countries, Brazil has not enforced a lockdown, resulting in a widespread increase of coronavirus infections. It was reported that there has been a sudden spike in coronavirus cases in the Brazilian state of Para, where around …
Continue reading “Iron ore futures surge on Brazil virus fears”
In Episode 9 of Castaway we have special guest Julie Arnold talking to us about power markets – especially the new emerging Japanese power market. We also have our regular news and commodity market reviews and a hot potato of a new random market of the week. Click on the link below to listen now! …
Continue reading “FIS Castaway – Eps.9 – Unprecedented Coverage in Unprecedented Times”
FIS Technical – DCE Iron Ore Sep 20 The futures remain technically bullish having made a higher high in the market with price above the 8—21 period EMA’s. This is supported by the RSI which remains above 50, however the stochastic is in overbought territory To view the full report please click on the link …
One thing that stuck out of China’s Two Sessions is that Beijing policymakers had stopped setting GDP growth target but instead using various macroeconomic goals. Thus, no GDP growth numbers of 6% was mentioned in the Two Sessions as per previous session that we are used to. Instead, quantitative macroeconomic goals were set such as …
Continue reading “FIS Weekly Comment: Slow and steady growth for China after Two Sessions”
Verdict – Short-term neutral. DCE iron ore tested low at 685.5 for three times and then rebound through Asian hours. However, from daily chart iron ore is walking on a correction tunnel. From hourly chart, CCI has rebounded. Slow stochastic KD created gold cross in Asian morning. Short-term potentially test high. The first support is …
