Tag archives: IO

Iron Ore DCE May Daily Technical Review 21/1/21

Verdict – Short-term neutral. DCE iron ore rebounded and closed slight higher than yesterday. The intra-day high still had some distance to next resistance at 1084.5. Iron ore consolidated within a narrower range after the beginning of Jan. Hourly MACD created gold cross. Hourly CCI created new high after Jan 7th. Technical signals were indicating …

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FIS CASTAWAY – EPISODE 38 20/1/21

Castaway is back with our market updates for Freight, Fuel, Iron ore, Fertilizers and tankers, with a special mention for FIS’s first cobalt trade, tune in now! Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-38-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/3vI8MRVZhjvRIta6btOKFl?si=a3N6-iVcS4qFKJk8dHFxMQ   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=bcd759c8-c8a1-f59f-16fc-5f7b0df79f5c Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) of …

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Daily DCE Review 20/1/21

Iron ore futures rebounded from losses amid cyclone concerns over possible disruptions to Australian iron ore shipments and productions. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose slightly by 0.24% on-day or RMB 2.50 to RMB 1,059/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange however, …

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Ferrous Daily Physical Review 20/1/21

Ferrous Market –    BHP Pilbara iron ore production 70.4 million tonnes, down 5% from Q3, up 3% y-o-y. Year 2020 iron ore production 288 million tonnes, up 6% y-o-y. Q4 sales 70.77 million tonnes, down 4% from Q3, up 2% y-o-y. Year 2020 sales 290 million tonnes, up 6% y-o-y. BHP fiscal year 2021 iron …

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Iron Ore DCE May Daily Technical Review 20/1/21

Verdict – Short-term neutral. DCE iron ore rebounded slightly from last closing with decreased volume. Iron ore still stuck in a consolidation range from 1035.5- 1084.5 area. Hourly MACD potentially create gold cross. Hourly slow stochastic KD was widening. Technical signals were neutral currently. The first support is 1035.5. The first resistance is 1084.5