FIS API Blog
Market Commentary Iron ore futures edged near $180 as investors reassessed the steel outlook after China signalled a shift in emphasis on steel curbs, raising hopes that there will be some form of easing of the aggressive measures that have been put in place. Attempts to curb steel production from last year’s record of 1.05 …
Continue reading “FIS Singapore Iron Ore Derivatives Report 03/08/21”
Iron ore futures rebounded from previous slump and gained higher upon market expectation of less stricter output curbs and lower iron ore shipments from suppliers. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.97% day-on-day or up RMB 20.50 to RMB 1,062.50/mt, during the day trading session on Tuesday. …
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
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
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
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
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 futures dipped slightly at the start of the new month, following market bearish sentiments on lower steel demand and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.85% day-on-day or down RMB 9 to RMB 1,054/mt during the day trading session on Monday. The rebar …
Verdict – Short-term neutral, slow down on correction. DCE iron ore September recover after a huge correction, as expected last Friday. Hourly MACD potentially create a gold cross. Hourly slow stochastic KD potentially rebound from oversold area. Hourly CCI created a multiple bottom areas and rebound to neutral area. Technical signals were indicating an oversold …
Continue reading “Iron Ore DCE Sep Daily Technical Review 2/8/21”
Market Verdict on Iron Ore： · Iron ore short-run oversold, potential to maintain rebound and test high. Macro · China political conference required to maintain commodity price stable. China central bank propose to maintain a stable monetary in the second half year of 2021. · Jiangsu closed 55 highway exits and entrances because of the …
