Tag archives: IO

DCE continues to rise ahead of peak demand period

Iron ore futures rose for the third consecutive days since start of the week due to robust Chinese steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange hiked up by 0.88% or RMB 7.50 day-on-day to RMB 857 per tonne on Wednesday. However, the steel rebar contract on the …

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Iron Ore DCE January Daily Technical Review Aug 19th

Verdict – Short-term neutral. DCE iron ore slightly corrected during the day. From hourly chart, CCI created bearish divergence with candles during last night. Slow stochastic KD created dead cross on overbought area at the same time. MACD potential create dead cross in next few hours. If a breakdown on 850.0, the next target is …

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Daily Ferrous Physical Review Aug 19th

Ferrous Market –    Iron ore 45 port arrivals at 26.57 million tonnes, up 983,000 tonnes w-o-w. Northern six port arrivals at 13.30 million tonnes, up 1.96 million tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 25.64 million tonnes, up 1.587 million  tonnes. Australia iron ore delivery 17.97 million tonnes, up 1.53 …

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DCE rallies higher on tight supply and monetary policy

DCE rallies higher on tight supply and monetary policy Iron ore futures closed higher upon better buying interest amid supply tightness of medium grade ores among dockside stocks. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange continued to rally higher by 3.48% or RMB 29 day-on-day to RMB 863 per …

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DCE books small gain amid easing rebar prices

Iron ore futures closed on slight gains after opening lower in the morning session for the start of the week. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.36% or RMB 3.00 day-on-day to RMB 834.50 per tonne on Monday. In the meantime, the steel rebar …

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Ship Shape – FIS Commodity Weekly 14/8/20

The Quiet Before the Storm   As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures, the low activity and pause for many markets may now …

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