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Tag archives: IO
Singapore Iron Ore Derivatives Report 30/10/2020
Iron Ore Market Update Market Commentary Iron ore futures rallied to $116 in London morning as investors continued to assess rising port stockpiles against the strength of China’s steel market as the country continues its recovery from the coronavirus pandemic. Iron ore futures were initially lower in Asia as the latest MySteel data showed that …
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Preparation for winter output cut ahead
A total of 1.02 million mt of iron ores was traded for the week ended Oct 30, down almost 27% week-on-week as compared to the 1.39 million mt recorded last week. The declining volumes was in line with market expectation of the upcoming winter production cut with strict environmental regulations being implemented. Pilbara Blend fines …
DCE rises on lower steel stockpiles
Iron ore futures rose on drawdown of steel stocks among Chinese traders, lifting market sentiments on better steel demand ahead. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.12% day-on-day to RMB 794.50/mt on Friday. Following the rally, the steel rebar contract on the Shanghai Futures Exchange also …
Iron Ore DCE January Daily Technical Review Oct 30th
Verdict – Short-term neutral. DCE iron ore rebounded during the day, however the daily high failed to break the major resistance at 805.5. If a rejection further at 805.5 would bring iron ore back to consolidation. A breakthrough would lift iron ore to a short-run bullish trend. From hourly chart, slow stochastic KD created gold …
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Daily Ferrous Physical Review Oct 30th
Ferrous Market – MySteel 45 ports iron ore inventories at 127.63 million tonnes, up 3.48 million tonnes w-o-w. Daily evacuation 3.13 million tonnes, up 47,700 tonnes w-o-w. Australia iron ore 60.30 million tonnes, up 1.72 million tonnes w-o-w. Brazil iron ore 39.39 million tonnes, up 2.39 million tonnes w-o-w. 149 ships at ports, down 2. …
Singapore Iron Ore Derivatives Report 29/10/20
Market Commentary Iron ore futures were largely flat on Thursday as investors weighed rising global supplies against declining steel inventories. Fortescue Metals Group Ltd, the no. 4 exporter, said on Thursday that quarterly shipment climbed 5% and that it is considering options to increase cargoes from Australia. This came after Brazilian producer Vale is ramping …
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Castaway Podcast Episode 30
FIS Castaway Podcast – Episode 30 British special forces got involved in the freight market this week, and there’s plenty other intelligence to share on this week’s podcast with Tom, Kerry and Chris. Website https://freightinvestorservices.com/blog/fis-castaway-eps-30-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/67OdEwmTBiPrYHGE5AK2rK?si=jdMgyYmZQvWeHN8xH1iovA And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=84452f7a-f512-0998-3c7d-5ccf02ea70b5 Disclaimer: freightinvestorservices.com/castaway-disclaimer/
DCE inches up on better steel margins
Iron ore futures maintained its upward climb after recent rally, driven by better steel margins from anticipated stricter environmental curbs. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a small gain of 0.71% day-on-day to RMB 779.50/mt on Thursday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …
Iron Ore DCE January Daily Technical Review Oct 29th
Verdict – Short-term neutral. DCE iron ore corrected slightly and however maintain in a consolidation area as yesterday expected. From hourly chart, slow stochastic and CCI both corrected from the high, indicating the last push was exhausted. In short run, a breakthrough on 788.5 area would bring back a new round of rebound. In mid-run, …
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