FIS API Blog
Iron ore futures continued to hover above the $1,000/mt mark, following a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went up further by 2.60% day-on-day or RMB 26 to RMB 1,026.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, followed the rally …
Continue reading “DCE stays above $1,000/mt on good restocking activities”
Ferrous Market – Ganggu Construction Steel Inventory: production 5.27 million tonnes, down 19,300 tonnes w-o-w. Mills inventory 4.41 million tonnes, up 247,600 tonnes w-o-w. Circulation inventory 5.67 million tonnes, down 289,700 tonnes w-o-w.- MySteel import sintered iron ore inventories reached 17.38 million tonnes. Import iron ore turnover in 27 days.- MySteel Rebar Inventory: Rebar production …
Verdict – Short-term neutral to bullish, be aware of reversal on high area. DCE iron ore rebounded with higher lows and highs, approaching historic high again. Hourly MACD was flat. Hourly slow stochastic KD is widening beyond overbought area. CCI created high from Dec 11th. Iron ore spike caused the open interest decreased 34% from …
Continue reading “Iron Ore DCE May Daily Technical Review 17/12/20”
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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
FIS Castaway Podcast – Episode 37 – Christmas Special Whether you’ve been Naughty or Nice, tune in to our special episode ‘The 12 Commodities of Christmas’ to hear the team break down the year’s price action and trends across all our products, along with the usual news and comment. Listen Below: Website …
Iron ore futures broke the $1,000/mt mark, after a late rally in the afternoon session that pushed up rates at the close. Thus, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose by 2.96% day-on-day or RMB 29 to RMB 1,008/mt on Wednesday. The steel rebar contract on the Shanghai Futures …
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
Ferrous Market – CISA held an internet conference with Rio Tinto, suspecting the high premium physical trades on platform. Rio indicated would find more transparent and effective way to help creating new pricing strategies with end-users. – Rio indicated the previous suspension miner which destroyed native sites, was not included into production target. Some media …
Verdict – Short-term neutral. DCE iron ore May consolidate and rebound during the day with unchanged both on open interest and volume. Iron ore during the day tested high and low at 1017.0 and 985.5 respectively. However major time consolidated around 1000.0. From hourly chart KD created gold cross yesterday morning and flattened during …
Continue reading “Iron Ore DCE May Daily Technical Review 16/12/20”
