Ferrous Market – Ganggu Construction Steel Inventory: production 5.12 million tonnes, down 142,700 tonnes w-o-w. Mills inventory 5.27 million tonnes, up 335,300 tonnes w-o-w. Circulation inventory 6.21 million tonnes, up 272,500 tonnes w-o-w. – Samarco shipped 75,000 tonnes of pellets from Brazil to Europe, first laycan after restart the operation. Samarco recovered 26% utilisation rate, …
Author archives: Hao Pei
Iron Ore DCE May Daily Technical Review 13/1/21
Verdict – Short-term neutral to bearish. DCE iron ore corrected, however majorly consolidate between 1022.0- 1060.0 area. The trading volume down significantly. From hourly chart, MACD was flattened below 0 axis. Hourly slow stochastic KD created dead cross below overbought area. CCI created a double tops from hourly chart, indicating a correction potential. …
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FIS Weekly Ferrous Report 12/1/21
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 (FL): +1 813 490 6630
Daily Ferrous Physical Review 11/1/21
Ferrous Market – Steelbank Inventory: construction steel inventories 3.11 million tonnes, up 6.84% w-o-w. HRC 1.77 million tonnes, up 11.45% w-o-w. – Northern Australia miner Frances Creek, acquired from Gold Valley Holdings six years ago, is currently investing 11.3 million dollars to upgrade facilities. First . NT Bulion planned to start the first trains with …
Iron Ore DCE May Daily Technical Review 11/1/21
Verdict – Short-term neutral. DCE iron ore corrected from the high of 1079.0 created on last Friday, the support area was in 1016-1022 area. From hourly chart, CCI was still testing two week low area. Hourly KD became flat after the dead cross in 8th. MACD became flat in bearish area. The first support is …
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Daily Ferrous Physical Review Jan 8th
Ferrous Market – MySteel 45 ports iron ore inventories at 122.67 million tonnes, down 1.49 million tonnes w-o-w. Daily evacuation 3.02 million tonnes, up 221,600 tonnes w-o-w. Australia iron ore 58.598 million tonnes, down 567,000 tonnes w-o-w. Brazil iron ore 40.435 million tonnes, down 349,000 tonnes w-o-w. 159 ships at ports, up 1. – Mysteel …
Iron Ore DCE May Daily Technical Review Jan 8th
Verdict – Short-term neutral, be aware of taking gains of market. DCE iron ore rebounded with higher highs and lows. However still resisted by 1069.5 in particular during the last trading hour. In short-run, be aware of the taking gains when market reaches 1069.5-1079.0 area. From hourly chart, slow stochastic flattened after a dead cross. …
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Daily Ferrous Physical Review 7/1/21
Ferrous Market – Brazil authorities hope to finalise later this month a settlement with Vale SA for the Brumadinho Dam collapse occurred in early 2019. Vale presented a value of about 21b reais($4b), while Minas Gerais outlined 28b reais in material damages, plus 26b reais in moral damages. – Tangshan 10 sample steel mills pig …
Iron Ore DCE May Daily Technical Review 7/1/21
Verdict – Short-term neutral to bullish, be aware of taking gains of market. DCE iron ore broke 1048.5, which was the major resistance previously. A breakthrough on 1069.5 would potentially mean a new spike towards last year high at 1147.0. Hourly KD rebounded after a gold cross yesterday and approached overbought area. CCI was close …
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Daily Ferrous Physical Review Jan 6th
Ferrous Market – Ganggu Construction Steel Inventory: production 5.26 million tonnes, up 2,600 tonnes w-o-w. Mills inventory 4.93 million tonnes, up 124,000 tonnes w-o-w. Circulation inventory 5.94 million tonnes, up 342,400 tonnes w-o-w. – Low aluminum iron ore demand increased as winter environment protection in China as well as high coke price. – MySteel Australia …