Tag archives: IO

Daily DCE review 14/1/21

Iron ore futures rallied on high restocking demand and closed the day trading session on bullish note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.64% on-day or RMB 17 to RMB 1,055/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was flattish throughout the …

Continue reading “Daily DCE review 14/1/21”

Daily Ferrous Physical Review 14/1/21

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.45 million tonnes, down 1.18% w-o-w. Mills inventory 2.76 million tonnes, up 6.27% w-o-w. Circulation inventory 4.25 milliontonnes, up 7.51% w-o-w. –    Fe Limited planed to ship JWD iron ore from the Q2 2021. The miner expected to start operation in Q1 2021. –    Brazil high silicon …

Continue reading “Daily Ferrous Physical Review 14/1/21”

Iron Ore DCE May Daily Technical Review 14/1/21

Verdict – Short-term neutral.   DCE iron ore rebounded and resisted by major resistance at 1060. Be aware of cross day short-run trades, which happen few times from late December. A breakthrough on 1079.0 would bring iron ore back to bullish territory. Hourly MACD created gold cross and widened. Slow stochastic KD also created gold …

Continue reading “Iron Ore DCE May Daily Technical Review 14/1/21”

Oil and Ore Intraday Morning Technical 13/1/21

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 (KS): +1 813 490 6630

DCE moves flattish amid slow construction steel demand

Iron ore futures had a choppy session today, reaching a peak at the close of the morning session, but only to decline later in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) however, managed to stay positive and rose slightly by 0.10% on-day or RMB 1 to RMB …

Continue reading “DCE moves flattish amid slow construction steel demand”