Tag archives: IO
Castaway Podcast Episode 20
Soy Castaway Podcast. Join us for our 20th edition, where we are joined by Chris Pardey our agriculture expert (outstanding in his field) as he joins in our panel discussion about freight and commodity markets. Available now on the FIS website (https://freightinvestorservices.com/blog/fis-castaway-eps-20-unprecedented-coverage-in-unprecedented-times/ ) Spotify https://open.spotify.com/episode/5zq56HOVC5DRP6gPBw5AA5?si=OrkWqJAvTCymSwG-vKBfvQ And Apple https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=80b302ce-68c9-9fe7-0f6e-774d50501338
DCE bounces back on better buying interests
Iron ore futures rebounded on Thursday over higher buying interests for limited mainstream Australian fines. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange then rose slightly by 0.85% or RMB 7.00 day-on-day to RMB 826.50 per tonne on Thursday. On the contrary, the Shanghai Futures Exchange stayed rather flattish before dipping …
Continue reading “DCE bounces back on better buying interests”
Iron Ore DCE January Daily Technical Review Aug 13th
Verdict – Short-term neutral. DCE iron ore tested low and recovered most of losses. Daily slow stochastic KD created dead cross in overbought area. CCI created bearish divergence with iron ore price since August 6th. This bearish divergence normally indicate price has correction risk. The return to bull needs a breakthrough on 851.5. A breakdown …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 13th”
Daily Ferrous Physical Review Aug 13th
Ferrous Market – Ukraine export 27.03 million tonnes of iron ore from this January to July, up 16% y-o-y. – China National Statistic Bureau: major steel enterprises crude steel daily production 2.15 million tonnes, down 0.87% from late July, up 5.14% y-o-y. Daily pig iron 1.92 million tonnes, down 0.6% from end July, up 5.39% …
London Iron Ore Market Report
DCE slips amid port congestion issues
Iron ore futures dropped on Wednesday over the port congestion issues in China which were likely to ease only in late August. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped by 0.89% or RMB 7.50 day-on-day to RMB 832.50 per tonne on Wednesday, despite a late rally at the …
Iron Ore DCE January Daily Technical Review Aug 12th
Verdict – Short-term neutral. DCE iron ore pushed high along with equities after a test low around 807.5, which was a strong level previously. From hourly chart, iron ore on the “right shoulder” was higher than the “left shoulder”. The next breakthrough on 851.5 will bring iron ore back to bullish market. Hourly MACD is …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 12th”
Daily Ferrous Physical Review Aug 12th
Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 24.05 million tonnes, up 322,000 tonnes. Australia iron ore delivery 16.44 million tonnes, down 246,000 tonnes w-o-w. Australia delivery to China 14.29 million tonnes, up 734,000 tonnes w-o-w. Brazil iron ore delivery 7.6 million tonnes, up 568,000 tonnes w-o-w. Global iron ore delivery …