FIS API Blog
Verdict – Short-term neutral. DCE iron ore may contract rebounded significantly during the Asian day session, the noon push was related to copper. In addition, Shanghai equity created second biggest rebound of the year. Hourly MACD created a gold cross during the second hour of this morning. Hourly slow stochastic KD created gold cross during …
Continue reading “Iron Ore DCE May Daily Technical Review 11/3/21”
Ferrous Market – Tangshan 10 sample steel mills pig iron before tax 3174 yuan/tonne, billet cost 4024 yuan/tonne, down 22 yuan/tonne w-o-w. Gross profit 266 yuan/tonne, down 98 yuan/tonne. – MySteel Rebar Inventory: Rebar production 3.49 million tonnes, up 3.28% w-o-w. Mills inventory 5.30 million tonnes, up 1.49% w-o-w. Circulation inventory 13.02 million tonnes, down …
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
FIS Castaway Podcast – Episode 45 Confused? Missed last week’s volatile markets? Look no further, listen to this week’s Castaway to get updated on our main shipping and commodity markets. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-45-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/2xDjvDLVXCM5aSBmubF4xH?si=ED09gjreRDGOSMWUPqUSoA And iTunes https://podcasts.apple.com/gb/podcast/episode-45/id1507094242?i=1000512386620 Disclaimer: This podcast is a marketing communication and is not based …
Continue reading “FIS Castaway Podcast – Episode 45 10/03/21”
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 continued to slide on production restriction in China to comply with stricter environmental regulations. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), fell for the second consecutive day by5.24% day-on-day or down RMB 57.50 to RMB 1,040.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …
Verdict – Short-term neutral. DCE iron ore may contract consolidated during the trading day. Be aware of new short positions building in next trading day, since the intraday settlement was high yesterday, which limit the theoretical downside room for iron ore today. CCI created a bullish divergence with candles for the previous six trading hours. …
Continue reading “Iron Ore DCE May Daily Technical Review 10/3/21”
Ferrous Market – Ganggu Construction Steel Inventory: production 5.18 million tonnes, up 106,900 tonnes w-o-w. Mills inventory 10.37 million tonnes, up 165,500 tonnes w-o-w. Circulation inventory 17.55 million tonnes, up 601,000 tonnes w-o-w. – Baosteel increase HRC price in April by 300 yuan/tonne from March. – MySteel Australia and Brazil iron ore total delivery at …
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
