FIS API Blog
Verdict – Short-term neutral. DCE iron ore May22 contract corrected during the day. The short-run rebound in the afternoon session was resisted by hourly neckline at 704.5. In mid-run 720-725.5 area created a major resistance area. A further breakdown on 693.0 level would reverse iron ore into bearish trend. CCI entered a neutral area from …
Continue reading “Iron Ore DCE May Daily Technical Review 10/1/22”
Market Verdict on Iron Ore： • Neutral. Macro • U.S. December non-farm payrolls increased by 199,000 new jobs , est. 444,000, last 210,000. The statistic indicated that the Federal commission strengthen the expectation of unwinding the balance sheet and increasing interest rate. • China RCEP hit the ground on January 1st of the year 2022, …
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
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
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
A total of 1.26 million mt of iron ores was traded for the week ended Jan 7, down 8.36% on-week despite better restocking activities and healthy steel margins. According to trade sources, there was some easing of output restrictions for mills that comply with environmental regulations, which increase steel productions. During the week, the trades …
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
Iron ore futures gained further on lower steel stocks, though there was some recovery from previous lows, being backed by higher production. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 1.41% day-on-day or up RMB 10 to RMB 719/mt, during the day trading session on Friday. The rebar futures …
Verdict – Short-term neutral. DCE iron ore May22 contract slowed and slight corrected during the day. As expected previously, iron ore tested and created high in mid-December, however lost the area during the first 10 minutes after market opened. The previous five-day trading volume was significantly low compared to any week of December. Hourly CCI …
Continue reading “Iron Ore DCE May Daily Technical Review 7/1/22”
Market Verdict on Iron Ore： • Neutral. Macro • China Caixin December PMI 53.1, est. 51.7. Last 52.1. • China central bank PBOC: China financial system was generally stable. The lending rate for enterprises was below 5% in average, creating the new low historically. The Minister of Finance said the department will devoting in decrease …
