Iron ore futures continued to book gains on increased restocking activities, ahead of coming long holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.47% day-on-day or up RMB 16.50 to RMB 684.50/mt, during the day trading session on Friday. The rebar future also dropped by 2.83% day-on-day …
Tag archives: IO
Iron Ore DCE Jan Daily Technical Review 24/9/21
Verdict – Short-term neutral. DCE iron ore January contract slight rebound but in general neutral, as expected yesterday. Hourly slow stochastic KD was brewing a breakthrough on the lower bound of overbought territory. Hourly CCI was testing the support on the lower bound of bullish territory. However from daily chart, MACD created gold cross. Daily …
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Daily Virtual Steel Mill Report 24/9/21
Market Verdict on Iron Ore： · Neutral. Macro · U.S. Markit Manufacturing PMI September 60.5, last 61.1. · Concrete on housing utilization rate slumped compared to the year 2020 in China, since several default on housing companies. The 500 sample concrete companies utilization rate at 19.39%, down 6.39% y-o-y. Iron Ore Key Indicators: · Platts …
European Close 23/09/21
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London Iron Ore Market Report 23/09/21
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FIS Singapore Iron Ore Derivatives Report 23/09/21
Market Commentary Iron ore futures retreated on Thursday after a robust rally on Wednesday as traders are optimistic of a pickup in autumn demand in China. Rebar inventories fell for a seventh week. According to the latest data by Mysteel, total rebar inventories currently stood at 9.83 million tonnes, down 5.2% from a week ago. …
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Oil and Ore Intraday Morning Technical 23/09/21
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Daily DCE Review 23/9/21
Iron ore futures booked more gains as restocking activities increased in preparation for the upcoming Golden week holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.89% day-on-day or up RMB 25 to RMB 667/mt, during the day trading session on Thursday. The rebar future also jumped up …
FIS Castaway Podcast – Episode 73
The Future of Fuel Oil With ESG concerns at the forefront, and debate on the future of bunker fuels, we ask our ‘oracle’ at Integr8 fuels, Anton Shamray, for his thoughts on the future direction of this vital market. Listen Below: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-73/ Spotify – https://open.spotify.com/episode/3jqV1Y0z4wAZfX8mOYjHLQ?si=3MnFsI84TiGCoDUjyAvdKg&dl_branch=1 iTunes – https://podcasts.apple.com/gb/podcast/episode-73-future-of-fuel-oil/id1507094242?i=1000536257246 …
European Close 22/09/21
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 (FL): +1 813 490 6630