Ferrous Market Updates – Steelbank Inventory: rebar inventories 9.98 million tonnes, up 16.11% w-o-w. HRC 3.47 million tonnes, up 21.45%. – Mysteel early July crude steel production expected 2.93 million tonnes/daily, down 0.64% from end-June. – Brazil Miners Association president Flavio Penido said Brazil can run all iron ore miners and recover the production. Mining …
Author archives: Hao Pei
Iron Ore DCE September Daily Technical Review Jul 10th
Verdict – Short-term neutral, be aware of high level long covering. DCE iron ore closed at 1.5 yuan higher than yesterday. The intra-day volume and open interest were both closed to yesterday level. From hourly chart, CCI start to correct. MACD created dead cross during last night session and widening below 0 axis. Technical signals …
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Daily Ferrous Physical Review Jul 10th
Ferrous Market Updates – Mysteel researched 247 blast furnace operation rate at 90.63%, down 0.39% w-o-w. Utilisation rate 93.08%, down 2.27% w-o-w. Daily pig iron production 2.48 million tonnes, down 7,200 tonnes w-o-w. – Mysteel 45 ports iron ores inventory 108.78 million tonnes, up 693,300 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 6,000 tonnes …
Daily Ferrrous Physical Review Jul 9th
Ferrous Market Updates – Both port trades and seaborne trades are traded lower yesterday. Some physical traders are reluctant to accept the high price. From the other side, Australia has boost volume during the last month of the fiscal year. – MySteel Rebar Inventory: Rebar production 3.89 million tonnes, down 2.99% w-o-w. Mills inventory 3.41 …
FIS Daily Physical Review Jul 8th
Ferrous Market Updates – Major mid-grade iron ores are seeing few weeks of tight supply. However some physical traders expect the supply will recover due to June shipments increase may reflect on July arrivals. Many ships congested in ports. – Tangshan production curb only restricted on sintered machines, however no impact on blast furnace. – …
Ferrous Weekly Report 07072020
Iron Ore DCE September Daily Technical Review Jul 6th
Verdict – Short-term neutral. DCE iron ore rebounded aggressively by DCE afternoon session opening, and give back most of gains quickly. The rebound is potentially a test high of market. DCE iron ore in short-run still stuck in consolidation area. A rebound needs a confirm of breakthrough 772.0 area. A correction needs a confirm to …
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FIS Daily Physical Review Jul 6th
Ferrous Market Updates – Steelbank construction steel inventories 7.11 million tonnes, up 1.73% w-o-w. HRC inventories 1.84 million tonnes, up 1.08% w-o-w. – Tangshan announced a new round of environment protection and production curb started from July 5th. However details to be announced. – Some traders indicated currently seaborne iron ore were strong last week …
Iron Ore DCE September Daily Technical Review Jul 3rd
Verdict – Short-term neutral. DCE iron ore consolidate in narrow range, open interest continuously exhaust. Iron ore trading range stuck in 737 – 748.5 area for current four trading days. The bigger range from 733.0 to 752.0. Iron ore will keep consolidating if fail to breakthrough the current range. Be aware of Friday games, iron …
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FIS Daily Physical Review Jul 3rd
Ferrous Market Updates – MySteel 45 ports iron ore inventory at 108.09 million tonnes, up 276,500 tonnes w-o-w. Daily evacuation 3.15 million tonnes down 50,000 tonnes w-o-w. Australia iron ore on ports at 61.49 million tonnes up 156,000 tonnes w-o-w. Brazil iron ore on ports at 22.42 million tonnes up 693,000 tonnes w-o-w. 147 ships …