FIS API Blog
Verdict – Short-term neutral to bearish. DCE iron ore retreated after rejection below important resistance at 1069.5 last Friday. Mid-run iron ore consolidate between 992.0-1069.5 area. However a breakdown on 990.5-992.0 area would indicate a potential reversal to bearish territory in long-run. Hourly CCI corrected from one week high to one week low during one …
Continue reading “Iron Ore DCE May Daily Technical Review Dec 28th”
Ferrous Market – Steelbank Inventory: construction steel inventories 2.87 million tonnes, down 3.55% w-o-w. HRC 1.39 million tonnes, up 12.65% w-o-w – China January to November above scale industry companies net profit 5.74 trillion yuan, up 2.4% y-o-y, up 1.7% compared to January to October. Ferrous and steel pressing down 9.9% y-o-y. – The flat …
Verdict – Short-term neutral. DCE iron ore rejected by 1069.5, the important resistance level. From hourly chart, hourly MACD created gold cross. Slow stochastic KD widened and increase. CCI created new high during the week. Technical signals were indicating potential to create new high. The first support is 1005.0. The first resistance is 1069.5
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 (KS): +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 (KS): +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 (KS): +1 813 490 6630
A total of 770,000 mt of iron ores was traded for the week ended Dec 24, less 7.23% on-week as compared to the trade volume of 770,000 mt recorded last week. Benchmark iron ore prices peaked above $175/mt since the start of the week, but soon dropped as Dalian Commodity Exchange (DCE) imposed stricter measures …
Continue reading “More iron ore price corrections after stricter trading measures”
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 (KS): +1 813 490 6630
Good morning all, Merry Christmas eve! Wishing all of you a very merry Christmas with your nearest and dearest in what has been a very difficult year. May 2021 bring you more happiness and health! Luke, Ricky, Jarryd, Sam and the FIS Fuel Oil desk cannot thank you enough for all the support throughout …
Iron ore futures rebounded over buoyant market outlook, despite DCE’s tightening of trading limits. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose slightly by 0.93% or RMB 9.50 to RMB 1,036/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange however, dropped by 0.39% or RMB 17 day-on-day …
Continue reading “DCE rebounds despite strict trading restrictions”
