Ferrous Market – Steelbank Inventory: construction steel inventories 5.80 million tonnes, down 8.15% w-o-w. HRC 2.09 million tonnes, down 3.33% w-o-w. – China ferrous physical market rebounded over weekends, coke up 50 yuan as the six round of increase. Eastern steel mills rebar up 50 yuan in Monday morning. Eastern China heavy scrap up 50 …
Author archives: Hao Pei
Iron Ore DCE January Daily Technical Review Oct 30th
Verdict – Short-term neutral. DCE iron ore rebounded during the day, however the daily high failed to break the major resistance at 805.5. If a rejection further at 805.5 would bring iron ore back to consolidation. A breakthrough would lift iron ore to a short-run bullish trend. From hourly chart, slow stochastic KD created gold …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 30th”
Daily Ferrous Physical Review Oct 30th
Ferrous Market – MySteel 45 ports iron ore inventories at 127.63 million tonnes, up 3.48 million tonnes w-o-w. Daily evacuation 3.13 million tonnes, up 47,700 tonnes w-o-w. Australia iron ore 60.30 million tonnes, up 1.72 million tonnes w-o-w. Brazil iron ore 39.39 million tonnes, up 2.39 million tonnes w-o-w. 149 ships at ports, down 2. …
Iron Ore DCE January Daily Technical Review Oct 29th
Verdict – Short-term neutral. DCE iron ore corrected slightly and however maintain in a consolidation area as yesterday expected. From hourly chart, slow stochastic and CCI both corrected from the high, indicating the last push was exhausted. In short run, a breakthrough on 788.5 area would bring back a new round of rebound. In mid-run, …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 29th”
Daily Ferrous Physical Review Oct 29th
Ferrous Market – Ganggu construction steel mills production 5.2976 million tonnes, down 22,000 tonnes w-o-w(last down 98,800 tonnes). Mills inventory 4.13 million tonnes, down 211,500 tonnes w-o-w(last down 215,800 tonnes). Circulation 9.36 million tonnes, down 703,300 tonnes w-o-w(last week down 552,800 tonnes). – MySteel Rebar Inventory: Rebar production 3.63 million tonnes, up 1.29% w-o-w. Mills …
Iron Ore DCE January Daily Technical Review Oct 28th
Verdict – Short-term neutral. DCE iron ore closed with a second day white candle, indicated iron ore in short-run ended correction. A breakthrough on 805.5 would bring iron ore into a mid-run consolidation. A rejection on 805.5 would still put iron ore into a neutral to bearish market. From hourly chart, slow stochastic KD created …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 28th”
Daily Ferrous Physical Review Oct 28th
Ferrous Market – MySteel Australia and Brazil iron ore total delivery(Oct 19 – 25th) at 24.58 million tonnes, down 339,000 tonnes. Australia iron ore delivery 17.21 million tonnes, down 3.05 million tonnes w-o-w. Australia delivery to China 13.81 million tonnes, down 2.54 million tonnes w-o-w. Brazil iron ore delivery 7.36 million tonnes, down 337,000 tonnes …
FIS Ferrous Weekly Report 27/10/20
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 January Daily Technical Review Oct 26th
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day, the low of the day at 756.5 did not breakdown 751.5. A breakdown on 751.5 would indicate iron ore created the second wave of correction. The first resistance at 776.0-780.0 was a previous support. However from hourly chart, slow stochastic KD is …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 26th”
Daily Ferrous Physical Review Oct 26th
Ferrous Market – Steelbank Inventory: construction steel inventories 6.31 million tonnes, down 6.09% w-o-w. HRC 2.16 million tonnes, down 9.13%. – Japan Iron & Steel Federation published data suggesting crude steel production 37.10 million tonnes in first half of Financial Year(Apr- Sep), down 26.8% y-o-y, also created the lowest since the year 1968. – Tangshan …