Tag archives: IO

Daily DCE Review 25/2/21

Iron ore futures opened high, but only to flatten at the afternoon closing session, amid strong Chinese steel demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.39% day-on-day or RMB 15.50 to RMB 1,131/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also went …

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Iron Ore DCE May Daily Technical Review 25/2/21

Verdict – Short-term neutral. DCE iron ore pick up fast this afternoon however correct back few minutes after. U.S. Dollar linked metal indicated very high correlation over the entire February. U.S. dollar broke important level at 90 at noon. Hourly candles were in the consolidation range. Hourly MACD was narrowing below 0 axis. Hourly CCI …

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Ferrous Daily Physical Review 25/2/21

Ferrous Market –    South Africa invested 250 million U.S. dollars into a new iron ore separation method(UHDMS) to increase the quality of Sishen mines, which expected to increase the mining cycle by 4 years to the year 2039. The project was approved by Kumba commission. –    Tangshan 10 sample steel mills pig iron before tax …

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FIS Castaway Podcast – Episode 43 – John B Special, Available Now! 24/02/21

FIS Castaway Podcast – Episode 43 – John B Special    Record volumes and incredible volatility. Listen to John B, CEO of FIS, on what’s been happening in the dry freight markets and the reasons behind it, on this week’s podcast.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-43-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/15tTEQcTWTNr5z9gG8xtAW?si=Zhh7NTTdSyeV5PL_4VC8oA   And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=e5d1d495-650f-1489-91e8-344b12fb8b75     Disclaimer: This …

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Daily DCE Review 24/2/21

Iron ore futures moved flattish in choppy session and spotted a gain after a late rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose slightly by 0.44% day-on-day or RMB 5 to RMB 1,129.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …

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Iron Ore DCE May Daily Technical Review 24/2/21

Verdict – Short-term neutral. DCE iron ore consolidated in narrow range after a big movement before and after Powell’s speech. Be aware of the lower lows and lower highs created over the three trading days of the week. A breakdown on 1089- 1090 area would potentially initiate a correction and chances to fill the gap …

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Ferrous Daily Physical Review 24/2/21

Ferrous Market –    Brazil miner CSN Q4 iron ore production 9.47 million tonnes, down 18% from Q3, down 11.4% y-o-y. Q4 iron ore sales 8.64 million tonnes, down 6% from Q3, down 16.4% y-o-y. –    MySteel estimate year 2021 iron ore delivery increase 96.3 million tonnes, major contributed by Brazil, India, and U.S.. Q1 supply …

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