FIS API Blog
Verdict – Short-term neutral to bearish. DCE iron ore September is expected to roll to January contract as major contract next Monday. The U.S. China tension once again linked commodities sector and equity very closely. Iron ore in general in a sentiment to test low. DCE iron ore evaporated 35,000 lots of positions which were …
Continue reading “Iron Ore DCE September Daily Technical Review Aug 7th”
Ferrous Market – Mysteel 45 major ports iron ores inventory 113.46 million tonnes, down 569,600 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 50,000 tonnes w-o-w. Austrilian iron ores inventory 61.24 million tonnes, down 1.3979 million tonnes w-o-w. Brazil iron ores inventory 26.53 million tonnes, up 810,900 tonnes w-o-w. 168 ships at ports up 9 …
Iron ore futures rallied on bullish market sentiment since the start of week on better downstream demand from China. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.88% or RMB 25.50 day-on-day to RMB 910 per tonne on Thursday. Following the rally, the Shanghai Futures Exchange also went up …
Continue reading “DCE extends gains on better downstream demand”
Verdict – Short-term consolidate at high level. DCE iron ore September is expected to roll to January contract as major contract from tomorrow or early next week. According to historical rule, rolling normally come along with smaller open interest. That is to say, the previous long interest built to push iron ore market up potentially …
Continue reading “Iron Ore DCE September Daily Technical Review Aug 6th”
What is going on with this iron ore market? How come freight is flying again? Why is nothing moving on oil? Memes aside, join the team to discuss the week’s movements and idiosyncrasies. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon …
Ferrous Market – Lianyun Port ships congested because some crew are tested positive of Covid-19. The rest of northern ports are operating normally. Ships at northern are also impacted shortly by the previous typhoon. – MySteel Rebar Inventory: Rebar production 3.84 million tonnes, down 0.74% w-o-w. Mills inventory 3.49 million tonnes, down 0.33% w-o-w. Circulation …
Iron ore futures advanced above $112 a tonne on Wednesday amidst of fresh waves of speculative trading seen in the market. Rebar and iron ore were supported after hearing that steel inventory is down this week. Steel inventory data by Mysteel is due to be released tomorrow. At the same time, there are signs that …
Continue reading “Speculation sees iron ore advance above $112/tonne”
Iron ore futures booked slight gains on Wednesday to continue the rally for the third consecutive trading day on supply tightness issues. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange hiked upward by 0.40% or RMB 3.50 day-on-day to RMB 888 per tonne on Wednesday. However, the steel rebar contract on …
Continue reading “DCE continues winning streak on small gains”
