FIS API Blog
Iron ore futures posted slight gain on Monday, despite the cooldown of restocking activities ahead of the Golden week holidays. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.92% day-on-day to RMB 770 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …
Continue reading “DCE inches up on cooling market activities”
Verdict – Short-term neutral. DCE iron ore technically entered a consolidation range. Iron ore created long upper and lower shadow for previous five trading days, indicating long and short are in a conflicting sentiment. In particular, position level didn’t decrease significantly before golden weeks. From daily pattern, slow stochastic KD potential create gold cross below …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 28th”
Ferrous Market – Steelbank Inventory: rebar inventories 7.37 million tonnes, down 0.33% w-o-w. HRC 2.13 million tonnes, up 0.29% w-o-w. – China HRC FOB SS400 Tianjin price at $505- 510, created global low currently. Export HRC started to grow and import steels come to an end. – Physical traders are interested in low aluminum concentrates …
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 …
A total of 1.885 million mt of iron ores was traded for the week ended Sep 25, down 13.40% week-on-week as compared to the 2.302 million mt recorded last week. Pilbara Blend fines (PBF) accounted most of the market shares, as the combination of low grade fines and high grade fines yielded little cost effectiveness …
Continue reading “Chinese mills switch back to medium grade fines”
Iron ore futures dipped lower at the day-close despite a late rally during the afternoon session. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange fell slightly by 0.20% day-on-day to RMB 764.50 per tonne on Friday. Similarly, the steel rebar contract on the Shanghai Futures Exchange posted slight drop of …
Continue reading “DCE dips as most restocking activities end”
Verdict – Short-term neutral to bearish. DCE iron ore corrected slightly by closing from yesterday. Iron ore was strongly supported by 751.5- 754.0 area for three times during the week, observed from hourly chart. However iron ore created lower highs over past two weeks. Iron ore from mid-run is still in a bearish territory. From …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 25th”
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 …
Ferrous Market – MySteel 45 ports iron ore inventory at 116.16 million tonnes, up 1.23 million tonnes w-o-w. Daily evacuation 3.13 million tonnes down 47,100 tonnes w-o-w. Australia iron ore on ports at 57.37 million tonnes up 608,300 tonnes w-o-w. Brazil iron ore on ports at 31.69 million tonnes up 969,200 tonnes w-o-w. 157 ships …
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 …
