Category archives: Products
Iron Ore DCE September Daily Technical Review Jun 10th(Hourly Chart from May 18th to Jun 10th)
Verdict – Short-term neutral to bearish. DCE iron ore broke the previous gap and thus lose an important support around 760.0 level. However daily low tested low at moving average 10 and bounced back. The mid-run correction has yet come. From hourly chart, if iron ore broke 733.5 then top reversal in mid-run created. Hourly …
FIS Daily Physical Review Jun 10th
Iron Ore and Steel Market Updates – Iron ore port fixed-price trades are light during past two days. – Australia Pilbara port may export 47.78 million tonnes, up 3.4% y-o-y, export to China 43.18 million tonnes, up 14.14%. – Ganggu Construction Steel Inventory: production 2.11 million tonnes, up 2.45% w-o-w. Mills inventory 2 million tonnes, …
China steel imports boom, exports dip, iron ore softer
Iron ore futures were a touch softer on Tuesday as investors assessed outlook for iron ore. China imported 1.25 million mt of finished steel in May, up 27.2% month-on-month or up 30.3% year-on-year, according to customs data. During the same period, China’s finished steel exports fell by 30.4% month-on-month or 23.4% to 4.4 million …
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Capesize rides along with the iron ore bull run
Capesize rates continued the bullish run over Brazilian supply concerns, while high construction activities in China support iron ore demand. As such, the Capesize 5 time charter average jumped by $438 day-on-day to $7,745 on Monday, after more European players entered the market and pushed up rates. The Baltic Dry Index (BDI) followed the rally …
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Supramax July 20 Morning Technical Comment – 240 Min
Oil Through the Looking Glass 9/6/20
Easing of Lockdown Bounce Prices have been rising on Brent as hopes that the global recovery post covid-19 will be swift, bringing normal levels of demand back to the battered market. Prices on front month futures have pushed above the $40 level and even Goldman Sachs has raised its oil price forecasts to a $40.40 …
Capesize July 20 Morning Technical Comment – 240 Min
Has Iron Ore Reached its Top?
Consensus The consensus in the financial sector is that iron ore prices are looking overstretched. Almost daily we hear that supply will increase and demand will decrease in the second half of the year. If this is the case, then surely with over 100 million tons of inventory the upside is not limited, it is …
DCE retreats from more Australian exports
Chinese futures retreated slightly today after a recent rally that supported by possible supply concerns in Brazil. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped by 1.03% day-on-day to RMB 769.50 per tonne on Tuesday. Following the decline, the steel rebar contract on the Shanghai …
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