FIS API Blog
Iron Ore Market Update Market Commentary Iron ore futures were largely unchanged on Wednesday as traders looked to policymakers in China for direction. Iron ore eased off to $196 in Asia as China reiterated its commitment to crack down on surging commodities prices. China’s Market Supervision Agency said that it will closely monitor the volatility …
Continue reading “FIS Singapore Iron Ore Derivatives Report 02/06/21”
FIS Castaway Podcast – Episode 57 All aboard the Commodity Express as we talk about the movers and shakers from the rollercoaster of freight and commodity markets this week. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-57/ Spotify https://open.spotify.com/episode/3Tu7McT76931ui6fgHrGq4?si=2Upof0N_Toq57n5yN69bVA iTunes https://podcasts.apple.com/gb/podcast/episode-57/id1507094242?i=1000523903988 Disclaimer: This podcast is a marketing communication and is …
Continue reading “FIS Castaway Podcast – Episode 57 02/06/21”
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
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 rose for the third consecutive day since the start of the week, due to market optimism over possible easing of steel output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.77% on-day or up RMB 31.50 to RMB 1,168.50/mt on Wednesday. The steel rebar …
Capesize freight rates rebounded from previous losses and holidays lull, as the improving Pacific basin offered market supports. The Capesize 5 time charter average, however still fell by $582 day-on-day to $25,032 on Tuesday, despite the rebound as more trade participants returned from holiday period. The Baltic Dry Index (BDI) then fell by 1.08% or …
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
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
Brent crude futures for August settled up 93 cents, or 1.3%, to $70.25 a barrel after hitting $71 earlier in the session – its highest intra-day price since March 8. U.S. West Texas Intermediate crude for July was up $1.40, or 2.1%, to $67.72. As widely expected OPEC+ confirmed yesterday that they will go ahead …
Verdict – Short-term neutral. DCE iron ore September contract tested high and corrected to very close level as yesterday. Hourly MACD narrowed. Hourly slow stochastic KD created dead cross near overbought area in previous hours. CCI retreated from bullish area. Hourly candles flattened. However technical signals were indicating a neutral with potential to test low. …
Continue reading “Iron Ore DCE Sep Daily Technical Review 2/6/21”
