Author archives: Hao Pei

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. –    …

Continue reading “FIS Daily Physical Review Jul 8th”

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 …

Continue reading “Iron Ore DCE September Daily Technical 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 …

Continue reading “FIS Daily Physical Review Jul 6th”

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 …

Continue reading “Iron Ore DCE September Daily Technical 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 …

Continue reading “FIS Daily Physical Review Jul 3rd”

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 …

Continue reading “FIS Daily Physical Review Jul 2nd”

Verdict – Short-term bearish. DCE iron ore broke down 746.5, the neckline of previous multiple tops from June 5th. If a further breakdown on 733.0, iron ore potentially entered a bearish market and targeting 685.5. From hourly chart, Iron ore created dead cross during this morning with massive volume. Slow stochastic KD widened after a …

Continue reading “Iron Ore DCE September Daily Technical Review Jun 29th”