Ferrous Market – MySteel 45 ports iron ore inventories at 125.19 million tonnes, up 186,900 tonnes w-o-w. Daily evacuation 3.28 million tonnes, up 239,400 tonnes w-o-w. Australia iron ore 58.49 million tonnes, up 237,000 tonnes w-o-w. Brazil iron ore 43.59 million tonnes, down 119,800 tonnes w-o-w. 169 ships at ports, down 32. – India financial …
Author archives: Hao Pei
Iron Ore DCE May Daily Technical Review 4/2/21
Verdict – Short-term neutral. DCE iron ore rebounded significantly in the afternoon session, along with major commodities and Shanghai equity all recovered the sentiments and rebounded before and after lunch. However open interest and volume growth were not significant, indicating a testing period for market to return to neutral. A breakthrough on 1008.0 area would …
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Ferrous Daily Physical Review 4/2/21
Ferrous Market – Tangshan 10 sample steel mills pig iron before tax 3117 yuan/tonne, billet cost 3956 yuan/tonne, down 1 yuan/tonne w-o-w. Gross profit -106 yuan/tonne, down 9 yuan/tonne. – Tangshan billet lock price at 3850 yuan from Feb 2 – 17th(16 days), a 7 year high price during Chinese New Year. 3300 yuan(22 days) …
Iron Ore DCE May Daily Technical Review 3/2/21
Verdict – Short-term neutral to bearish. DCE iron ore rebounded slightly, the intraday low at 925.0 gathered some trading volume to push iron ore price back to 940-950 level in the afternoon session. Hourly MACD potentially create gold cross. Hourly CCI rebounded for previous six hours and created intraday high. Hourly slow stochastic KD created …
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Ferrous Daily Physical Review 3/2/21
Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 24.69 million tonnes, up 4.92 million tonnes w-o-w. Australia iron ore delivery 17.05 million tonnes, up 3.02 million tonnes w-o-w. Australia delivery to China 13.13 million tonnes, up 1.175 million tonnes w-o-w. Brazil iron ore delivery 7.645 million tonnes, up 1.896 million tonnes …
FIS Weekly Ferrous Report 2/2/2021
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
Iron Ore DCE May Daily Technical Review 1/2/21
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day. Iron ore consolidated for most of January. The breakdown on 1005.5 would potentially trigger a big level correction. Hourly CCI created double tops and potentially reach the weak area below -100. Houly MACD was flattening. The short-term signals were indicating an …
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Ferrous Daily Physical Review 1/2/21
Ferrous Market – Australia Pilbara Ports Authority sent a cyclone notice late last week, the cyclone passed by the Hedland port area, which was cleared during weekends. However the cyclone has left the coastal area on Monday, detail impact on delivery to be announced. – FMG SSF discount expanded to 11% from 10% in January. …
Iron Ore DCE May Daily Technical Review 29/1/21
Verdict – Short-term neutral to bearish. DCE iron ore closed similar with last closing, however market volume and interest decreased. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD created gold cross above oversold area. Short-run technical signals were indicating the previous correction was slowing. The first support is 959.0. The …
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Ferrous Daily Physical Review 29/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 125.01 million tonnes, up 625,100 tonnes w-o-w. Daily evacuation 3.04 million tonnes, down 146,900 tonnes w-o-w. Australia iron ore 58.26 million tonnes, up 705,000 tonnes w-o-w. Brazil iron ore 43.71 million tonnes, up 109,200 tonnes w-o-w. 201 ships at ports, up 23. – MySteel 14 …