FIS API Blog
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day, the low of the day at 756.5 did not breakdown 751.5. A breakdown on 751.5 would indicate iron ore created the second wave of correction. The first resistance at 776.0-780.0 was a previous support. However from hourly chart, slow stochastic KD is …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 26th”
Ferrous Market – Steelbank Inventory: construction steel inventories 6.31 million tonnes, down 6.09% w-o-w. HRC 2.16 million tonnes, down 9.13%. – Japan Iron & Steel Federation published data suggesting crude steel production 37.10 million tonnes in first half of Financial Year(Apr- Sep), down 26.8% y-o-y, also created the lowest since the year 1968. – Tangshan …
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A total of 1.39 million mt of iron ores was traded for the week ended Oct 23, down almost 7.33% week-on-week as compared to the 1.5 million mt recorded last week. The decline in trading volumes was due to slowing steel demand as the peak construction came to end, while trade participants prepared for the …
Continue reading “Declining trade volumes due to slow steel demand”
Iron ore futures slumped throughout the session and closed lower due to high iron ore port inventory and output restriction in Tangshan. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange nosedived since market opening by 3.14% day-on-day to RMB 771.50 per mt on Friday. The steel rebar contract on …
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
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
It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba Disclaimer: This podcast is a marketing communication …
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
Iron ore futures opened high before losing the upward momentum toward closing and resulted in flattish movement. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up by 0.44% day-on-day to RMB 793.50 per mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and …
