FIS API Blog
Verdict – Short-term neutral to bullish, potentially test high in next trading session. DCE iron ore January rebounded slightly following the previous prediction indicating oversold. The previous two day rebound with big volume however limited growth, indicated the rebound has some confliction. The short-run roof was close to 860.5 area, from hourly chart iron ore …
Continue reading “Iron Ore DCE Jan Daily Technical Review 16/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · Indian PM Modi indicated India will start 100 trillion rupee(1.35 trillion U.S. dollar) in the new infrastructure projects to increase job roles and new energy projects. · China central bank stated on Saturday that current Chinese Yuan potentially appreciate or depreciate, which potentially …
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Iron Ore Market Update Market Commentary China’s steel outlook looks bleak as China’s steel industry vowed to enforce efforts to cut output this year. According to Shanghai Securities News, the government will work closely with the industry to develop plans for staggered steel production cuts over winter. Major producers such as Jiangsu and Shandong have …
A total of 760,000 mt of iron ores was traded for the week ended Aug 13, up 1.33% week-on-week, despite a short trading week with public holidays in Asia. Steel demand remained bearish, due to the ongoing output cuts in China, though some trade participants were heard to purchase more cargoes to capitalize on the …
Iron ore futures closed the week on slight drop after a week of corrections, amid ongoing production cuts among Chinese mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.94% day-on-day or down RMB 8 to RMB 841.50/mt, during the day trading session on Friday. The rebar futures also fell …
Verdict – Short-term neutral, oversold currently. DCE iron ore January created new low from March 24th. Hourly MACD flattened. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI entered neutral area from bearish area. If an effective breakthrough on 845.0 would indicate a fast rebound to approach 874.5 area. The first support …
Continue reading “Iron Ore DCE Jan Daily Technical Review 13/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · In July, the electricity consumption continued to grow at 775.8 billion kwh, a year-on-year increase of 12.8%, an increase of 16.3% over the same period in 2019, and an average increase of 7.8% in the two years. Iron Ore Key Indicators: · Platts62 …
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
Iron Ore Market Update Market Commentary Iron ore futures remained subdued as falling steel output kept pressure on the steelmaking ingredient. China’s crude steel production continued to fall as a result of the ongoing output cuts. Daily crude steel production fell by 1.2% to an average of 2.96 million metric tonnes per day over …
Continue reading “Singapore Iron Ore Derivatives Report 12/08/21”
