FIS API Blog
Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …
Continue reading “FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level”
Chinese futures continued to rally for the second consecutive day despite mixed market outlook over steel demand and tight supply during summer season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 20 or 2.68% day-on-day to RMB 767 per tonne on Tuesday. Following the iron …
Good morning all. Brent crude futures declined by 19 cents, or 0.4%, to $42.91, after hitting an intraday high of $43.19. U.S. WTI crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier rising to as high as $40.79. In the US, some 16 states are reporting record increases …
