FIS API Blog
Verdict – Short-term neutral to bearish. Iron ore morning session saw a big increase on new short which drive down price. In the afternoon the recover was also due to a short covering. As a result, iron ore short positions have more initiatives compared with long positions. A breakdown on next resistance 772.5 would smash …
Continue reading “Iron Ore DCE January Daily Technical Review Nov 5th”
Ferrous Market – Tangshan area 10 mills gross profit up 47 yuan to 302 yuan/tonne from last week. – Some Tangshan trade sources indicate HRC rolling mills stop operation from 4th – 6th. Some structural steel mills stopped operation again after previous curb end in Nov 1st, restart date to be announced. – Vale resorted …
A bit of a damp squib for iron ore today. Expectations that we may see some form of breakout have been put to bed with the futures failing to the upside and holding the downside. U.S elections are not that interesting after all! It may not be a case of stick or bust but …
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Please click below to view the report 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 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
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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
*Oil Rises After Trump Falsely Claims Victory in Tight U.S. Election* Oil is up over % on Wednesday at 1440GMT as Trump has claimed victory in the election, with the polls suggesting that the result will go down to the wire with millions of votes still left to be counted. A trump victory has always …
Iron ore futures fell on the close, despite opening high at the afternoon session before slumping toward the end, due to slower steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went down by 0.63% day-on-day to RMB 786.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …
