Oil and Ore Intraday Morning Technical

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DCE drops further on lower steel prices

Iron ore futures continued to slide on lower steel prices as steel demand started to lose steam amid peak construction season. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange fell by 2.03% day-on-day to RMB 772.50 per tonne on Tuesday. However, the steel rebar contract on the Shanghai Futures Exchange …

To catch a falling knife

It started overnight with the equities and the iron ore coming under pressure. Fears about banking, the global economy, and the horror that we call the Pandemic. However, this sell off feels like it might have more behind it. Since March, equities, iron ore, steel and base have shrugged of the global economic slowdown. The …

London Iron Ore Market Report

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DCE plunges on lower steel demand

Iron ore futures went off the cliff on Monday due to the lower than expected steel demand and bearish market sentiment. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went to a steep dive since opening, dropping 2.88% day-on-day to RMB 776 per tonne on Monday. Likewise, the steel rebar …

Oil and Ore Intraday Morning Technical

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 …

Oil and Ore Intraday Morning Technical

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 …

A constant reliance on medium grade fines

A total of 2.302 million mt of iron ores was traded for the week ended Sep 18, up 13.40% as compared to the 2.03 million mt recorded last week. Pilbara Blend fines (PBF) had once again accounted almost half of the transacted trades for this week at 49% of the market share, which was similar …