FIS API Blog
Ferrous Sector Money Flow: DCE iron ore aggregated open interest is up 38.97% from April 29th and reached the highest level in Q2, coking coal decreased by 18.55% during the same period. Steel, coke and flat glass used in house construction remained stable on open interest. Investors should be aware of money flow out of …
Continue reading “China construction in the bubble, iron ore demand risk remains”
Iron ore futures extended gains for a third day to reach the highest since January as investors weigh strong domestic demand in China and supply worries from Brazil. The recovery in the production from steel mills in China is boosting sentiment, while iron ore port stockpiles declined to the lowest in more than three years …
Continue reading “Iron Climbs as Traders Eye Steel Demand, Supply Fears”
Freight prices jumped on Monday with front month Capesize futures up over 10% on anticipation of a large stimulus package out of China later this week. This created a knock-on effect into the smaller vessels with the Panamax front month futures up over 5%. Oil futures performed well with a USD 3.00 move higher, as …
Continue reading “Commodities Bounce Back on Chinese Stimulus Anticipation and Vaccine Hopes”
Iron ore futures soared on Monday on supply-side concerns as major producer Brazil becomes a global hotspot for coronavirus. The country has now close to a quarter of a million cases, the four largest total case count, and a death of over 16,000. According to shipping activity models by Westpac, supply from Brazil has fallen …
Continue reading “Steel on the march as Brazil supply, port stocks fall”
Chinese futures rose on better Chinese iron ore demand, while tight port inventory and slow shipment continued to support price upticks. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, jumped by 5.41% on-day to RMB 691.50 per tonne on Monday. Following the rally, the steel rebar …
Continue reading “DCE rallies on high demand and tightening supply”
Iron ore futures head for the highest close in four months on supply concerns, as the number of coronavirus infections in major producer Brazil continues to soar. Brazil added more cases after a record number of infections Friday, overtaking Spain as the nation with the world’s fourth- highest number of confirmed Covid-19 patients. Brazil’s new …
Continue reading “Iron Jumps as Brazil Virus Cases Stoke Supply Concerns”
Mining major, Rio Tinto’s first blockchain iron ore trade with Baosteel this week may set the trend for more such trades to come. The paperless trade transaction was done via the Contour trade finance blockchain platform, that breaks away from the traditional paperwork when documents were normally couriered for inspection. This ‘breakaway’ buried the image …
Continue reading “Who Says Elephants Can’t Dance: Rio Tinto’s first blockchain trade”
Chinese futures ended the week on high note, due to better buying interests over tightness in port inventory. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, hiked by 3.33% on-day to RMB 668 per tonne at Friday. Following the rally, the steel rebar contract on the Shanghai Futures …
China’s industrial output increased in April for the first time since the coronavirus outbreak, adding to early signs of a recovery that economists cautioned would be slow and challenging. Industrial output rose 3.9% from a year earlier, reversing a drop of 1.1% in March, data showed Friday. Fixed-asset investment decreased 10.3% in the first four …
Continue reading “China’s Industrial Economy Improves While Consumers Remain Wary”
Chinese futures continued to rally for second consecutive day on higher production and margins. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, hiked by 1.09% to RMB 647.50 per tonne at Thursday. On the contrary, the steel rebar contract on the Shanghai Futures Exchange had slid slightly with …
Continue reading “DCE rebounds for the second day on better output”
