FIS API Blog
A total of 1.82 million mt of iron ores was traded for the week ended Nov 13, up almost 60% week-on-week as compared to the 1.15 million mt recorded last week. The higher intake of iron ore was due to better steel prices and margins that encouraged mills to produce more steel for the catch-up …
Continue reading “Last sprint for iron ore purchase before winter season”
Iron ore futures opened low but managed to catchup at the afternoon session before closing at slight dip for the day. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were almost flattish and booked a small loss of 0.83% or RMB 7 day-on-day to RMB 832.50/mt on Friday. The …
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Iron ore futures saw a selloff at the afternoon session but managed to stabilize at the close to gain some ground. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were almost flat with a small rise of 0.18 % or RMB 1.50 day-on-day to RMB 835.50/mt on Thursday. The …
Verdict – Short-term neutral. DCE iron ore ticked high and long covering to take gains during afternoon session with significantly increasing volume compared to Asian morning session. From hourly chart, MACD created dead cross. Slow stochastic created dead cross below overbought area. CCI created the lowest in November. Short-run technicals are indicating an exhaustion of …
Continue reading “Iron Ore DCE January Daily Technical Review Nov 12th”
Ferrous Market – China September and October steel export orders increase, which could result in the export volume increase in following months of the year. – Tangshan researched 10 sample steel mills profit at 401 yuan/tonne, up 99 yuan/tonne w-o-w. – MySteel Rebar Inventory: Rebar production 3.64 million tonnes, up 1.18% w-o-w. Mills inventory 2.47 …
Upside price action is slowing down on the offshore futures in iron ore. The daily candlesticks are decreasing in size warning that momentum is slowing based on price . However, the trend remains bullish with the evening session trading up to USD 121.15. Steel production remains strong whilst exports are down 6 million tonnes on …
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 (KS): +1 813 490 6630
Join this week’s Election Special on Castaway as the team discuss the implications of a Biden Presidency, a Vaccine, and more on our commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-32-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/0Mr0kLung0jCaKA6bthcPN?si=3kIVEtI5RS-R54fQjPDw3Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=239ed13a-c739-ef73-b126-1ba2480ae67d Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …
Iron ore futures booked slight gains after the recent bullish run due to better steel prices and margins. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 0.96 % or RMB 8 day-on-day to RMB 838 /mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange however, …
Continue reading “DCE gains slightly over slower steel output”
