Iron ore futures reversed into losses on Thursday, as market participants expected more output cuts ahead that limited raw material demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.59% day-on-day or RMB 18 to RMB 1,114.50/mt during the day trading session on Thursday. The rebar futures, however hiked up …
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Iron Ore DCE Sep Daily Technical Review 29/7/21
Verdict – Short-term neutral, slow down on correction. DCE iron ore September tested two months low at 1094.0 and rebounded fast before closing to recover partial loss. In general, the support around 1110- 1113.5 was strong even it was broken during the market, since price and volume went up to push price back quickly. A …
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Oil and Ore Intraday Morning Technical 29/07/21
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
Daily Virtual Steel Mill Report 29/7/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. Federal maintained 0-0.25% unchanged as interest rate, fell in expectation. · FTSE A50 Index rebounded near 3% overnight. Shanghai Equity rebounded 1.5% in early afternoon. Iron Ore Key Indicators: · Platts62 $201.25, +0.80, MTD $214.54. · China Iron and Steel Association(CISA): The …
European Close 28/07/21
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London Iron Ore Market Report 28/07/21
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Podcast – Episode 65 – Battery Metals Special
FIS Castaway Podcast – Episode 65 – Battery Metals Special With the growing ESG revolution and growth of EVs we talk to Jack Nathan, Peter Hannah and Will Adams about battery metals alongside an update of freight, oil and iron ore markets. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-65/ Spotify https://open.spotify.com/episode/4LiB5G1KynQ9gmBNIgJjJm?si=xCV9YC4XT6OnGNypbiE_FQ&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-65-battery-metals-special/id1507094242?i=1000530272756 …
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Oil and Ore Intraday Morning Technical 28/07/21
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
Daily DCE Review 28/7/21
Iron ore futures recovered from previous day slump and inched up slightly at the close for the day trading session on Wednesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 0.22% day-on-day or RMB 2.50 to RMB 1,137.50/mt during the day trading session on Wednesday. The rebar futures, however …
Iron Ore DCE Sep Daily Technical Review 28/7/21
Verdict – Short-term neutral. DCE iron ore September finally ended with a rebound almost cover the loss from last trading day. However the rebound with small volume was not strong enough to create a firm trend. Hourly MACD expanded above 0 axis. The lower support at 1100- 1103.5 provide strong rebound several times from early …
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