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Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
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Analysts consensus points to weaker 2020 prices for iron ore
Iron ore futures were a touch softer on Monday morning in London as steel mills wrap up iron ore buying as the holiday approaches. According to a survey conducted by Mysteel, the average trading volume among the 52 ore traders interviewed had dropped to 1.46 million tonnes/day over the past week. According to analysts at Bloomberg…
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Zinc Rolling 3 – month Morning Technical Comment – 240 Min Chart
Zinc Rolling 3 – month Morning Technical Comment – 240 Min Chart
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DCE starts with slight gain amid market inactivity
Chinese futures began with slight gain on Monday, despite market inactivity with just one week ahead of Spring festival holidays.
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Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
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FIS Weekly Iron Ore Technical Report
China mills’ winter stock price which are generally 100-150 yuan cheaper than spot price, have shifted buying preference from spot to winter stock deals. As a result, physical steel spot price have softened. However another concern is that there might be too much supply with physical traders with major steel inventories up significantly. Market worries are that after New…
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DCE ends the week on slight gain
Chinese futures ended the week with a slight gain on Friday, due to better steel demand sentiment.
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Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
Iron Ore SGX Feb 20 Morning Technical Comment – 240 Min
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Long tonnage list drags down freight rates
Capesize freight rates continued to slip on long tonnage list with bunker prices cooling off.
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DCE slides lower on limited market activity
Chinese futures continued to trade lower on Thursday, due to muted market activity.
