FIS API Blog
Verdict – Short-term bearish. DCE iron ore broke down 746.5, the neckline of previous multiple tops from June 5th. If a further breakdown on 733.0, iron ore potentially entered a bearish market and targeting 685.5. From hourly chart, Iron ore created dead cross during this morning with massive volume. Slow stochastic KD widened after a …
Continue reading “Iron Ore DCE September Daily Technical Review Jun 29th”
BHP completed its first blockchain iron ore trade with China Baoshan Iron & Steel worth around 14 million mt on Monday. The transaction was done via MineHub platform for June delivery and the platform process included contract terms, exchanged digital documents and provided real-time cargo visibility. Keeping its promise Thus, BHP had kept its …
Continue reading “BHP makes first blockchain trade with Baosteel”
Ferrous Market Updates – MySteel 45 ports iron ore inventory at 107.81 million tonnes, up 1.64 million tonnes w-o-w. Daily evacuation 3.20 million tonnes up 93,800 tonnes w-o-w. Australia iron ore on ports at 61.34 million tonnes up 619,000 tonnes w-o-w. Brazil iron ore on ports at 21.73 million tonnes up 402,500 tonnes w-o-w. – …
Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month. Asian Buying interest failing countered …
Australian medium grade fines kept its high popularity status among Chinese buyers for the week ended on 26 Jun 2020. The short trading saw a total of 2.4 million mt iron ore exchanged hands, up 21.26% on-week from previous week volumes at 1.9 million mt. New platform for iron ore trading The uptick of …
Continue reading “PBF purchases remain popular among Chinese mills”
