FIS API Blog
Iron ore futures rose further upon news of special bonds issuance to be completed by end-October, according to the China’s Ministry of Finance. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 1.02% or RMB 8.50 day-on-day to RMB 840 per tonne on Thursday. The steel rebar contract …
Continue reading “DCE surges on accelerated bond completion by end-Oct”
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …
Iron ore futures dipped slightly toward the close, after opening high in morning session on better market outlook on infrastructure sectors. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped slightly by 0.12% or RMB 1 day-on-day to RMB 820 per tonne on Tuesday. Likewise, the steel rebar contract on …
US-China trade tension and rising COVID-19 infections have resulted in negativity creeping into the iron ore market, the greenback, and European shares. The global outlook is being shaken by the threat of a second European wave and a continued rise of infection levels in the US. The uncertainty has seen gold rally to an all-time …
