FIS API Blog
Market Commentary Iron ore futures failed to rally on Friday as investors assessed the gloomy outlook for the demand in China. Soaring energy costs, power curbs put demand at risk. According to data from the World Steel Association, China’s steel demand is now expected to fall by 1% this year instead of increasing by 3%. …
Continue reading “FIS Singapore Iron Ore Derivatives Report 15/10/21”
A total of 2.79 million of iron ores was traded for the week ended Oct 15, a significant rise from previous week due to effect of the weeklong holidays in China. Apparently, restocking activities picked up as Chinese participants returned from holidays, while some trade participants were attracted by reasonable low pricing after much price …
Iron ore futures failed to rally, despite low steel stocks and lesser iron ore supply from Rio Tinto as the miners reduced its annual guidance for 2021. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell slightly by 0.96% day-on-day or down RMB 7 to RMB 723.50/mt, during the day trading session …
Verdict – Short-term neutral. DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD …
Continue reading “Iron Ore DCE Jan Daily Technical Review 15/10/21”
Market Verdict on Iron Ore： · Neutral. Macro · G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: · Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …
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
Physical Trades Platform Corex traded 75,000 mt PBF + 85,000 mt PB lump at Platts Oct Index + $1/ + $1.5/mt for Oct 24 – Nov 2 loading. GO traded 80,000 mt Mac fines Fe 62% at $116.30/mt for Nov 6-15 loading. Corex traded 90,000 mt Yandi fines Fe 56.7% at AM[2021-11-01,2021-11-30],62%,-$21.80/mt for Nov 6-15 …
Continue reading “FIS Singapore Iron Ore Derivatives Report 14/10/21”
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
Iron ore futures continued to decline amid bearish market sentiments on power rationing that limited steel output and raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.90% day-on-day or down RMB 22 to RMB 736/mt, during the day trading session on Thursday. The rebar futures also dipped …
