FIS API Blog
Verdict – Short-term neutral. DCE iron ore pushed up during morning session, since DCE coking coal upsoared and support all ferrous products. However iron ore leaked after priced-in the sentiment and massively long covered by the last trading hour. From hourly chart iron ore potentially test low in 730.5 area since previous high rejected below …
Continue reading “Iron Ore DCE September Daily Technical Review Jul 2nd”
Ferrous Market Updates MySteel Rebar Inventory: Rebar production 4.01 million tonnes, up 0.11% w-o-w. Mills inventory 3.44 million tonnes, up 7.12% w-o-w. Circulation inventory 7.97 million tonnes, up 3.83% w-o-w. Mysteel 64 mills import sintering iron ore inventories at 16.79 million tonnes. Import iron ore turnover in 24 days. Southeast Asian steel and iron institute …
Chinese futures remained almost flat for Wednesday, till a selldown in the afternoon session that led to a negative closing. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down slightly by RMB 2.00 or 0.27% day-on-day at RMB 742 per tonne on Wednesday. Similarly, the steel rebar …
Iron ore futures rebounded modestly on Tuesday as investors remained concerned over China’s steel demand. Rebar led the way for the rebound in Asia as investors became concerned over the latest environmental curbs in Tangshan which may lead to temporarily closure of many blast furnaces and sintered machines in the area. Iron ore failed …
Continue reading “Iron ore uneasy over China weather, steel demand”
Chinese futures fell for the second consecutive day due to market concerns over lower steel demand the rainy season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down slightly by RMB 3.50 or 0.47% day-on-day at RMB 744.50 per tonne on Tuesday. The steel rebar contract on …
Continue reading “DCE flattens for second day amid slow season”
Chinese futures slipped downward despite the return of Chinese participants after a long holiday. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down by RMB 29 or 3.79% day-on-day at RMB 736 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange followed suite …
Continue reading “DCE drops despite return of Chinese participants from holidays”
