Author archives: Hao Pei

Ferrous Market –    Canada miner Black Iron signed a 60 million dollar contract including a project with 646 million tonnes of iron ores. –    Indian Miner Industrial Organisation FIMI indicated India needs 165 million tonnes of iron ore. FIMI also indicated potentially impose export tariff on 58% grade of iron ore. –    MySteel Rebar Inventory: …

Continue reading “Daily Ferrous Physical Review 15/10/20”

Verdict – Short-term bearish. DCE iron ore keep correction and testing 809.0 area, which was a strong support in last two months. The breakdown on this support indicate iron ore potentially test 783.5 and return to bearish in mid-run. From hourly chart, however KD is flattening. CCI is also potential to create a bullish divergence. …

Continue reading “Iron Ore DCE January Daily Technical Review Oct 14th”

Ferrous Market –    Vale port at Malaysia PDM III North and PDM IV South maintenance expected delivery impact arround 518,000 tonnes. –    MySteel Australia and Brazil delivery last week down 1.35 million tonnes. Australia delivery 18.58 million tonnes, down 223,000 tonnes. Australia delivery to China 15.95 milllion tonnes, up 161,000 tonnes w-o-w. Brazil delivery 6.88 …

Continue reading “Daily Ferrous Physical Review Oct 14th”

Verdict – Short-term neutral. DCE iron ore correct slightly during the whole trading day. From hourly chart, MACD is potential to create a dead cross. Slow stochastic KD created dead cross above overbought area. CCI has created new low in October. If iron ore breakdown 809.0 area potentially drive market to bearish territory, otherwise iron …

Continue reading “Iron Ore DCE January Daily Technical Review Oct 12th”

Ferrous Market –    MySteel surveyed Tangshan winter production curb will decrease 2.7 million tonnes of steel production. In the year 2019 production curb impact 6.3 million tonnes. –    Steelbank Inventory: construction steel inventories 7.31 million tonnes, down 0.91% compared to the week before golden weeks. HRC 2.5 million tonnes, up 17.17% to the week before …

Continue reading “Daily Ferrous Physical Review Oct 12th”

Verdict – Short-term neutral. DCE iron ore rebounded during the day related to CNY and Shanghai equity rebound, indicate a recovery on investment market. Investors should be aware of reversal in following weeks. Technically entering a consolidation in mid-run since iron ore recovered 809.0 and 816.0 area. A breakthrough on 873.0 would bring market back …

Continue reading “Iron Ore DCE January Daily Technical Review Oct 9th”

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.61 million tonnes, down 3.55% w-o-w. Mills inventory 3.68 million tonnes, up 9.29% w-o-w. Circulation inventory 8.32 million tonnes, up 4.41% w-o-w. –    Ganggu Construction Steel Inventory: production 5.47 million tonnes, up 13,600 tonnes w-o-w. Mills inventory 5.09 million tonnes, up 605,700 tonnes w-o-w. Circulation …

Continue reading “Daily Ferrous Physical Review Oct 9th”

Verdict – Short-term neutral. DCE iron ore rebound strongly during the day, majorly contributed by previous short covering and taking gains. In particular after 14:30 p.m., indicating money flow out to avoid cross holiday risk. After holiday expected a reverse on this speculation. A breakthrough on 809.0 would indicate market recovering to consolidation. A rejection …

Continue reading “Iron Ore DCE January Daily Technical Review Sep 30th”

Ferrous Market –    Vale stopped Minas Gerais mining company Viga for 3 months, total impact 999,000 tonnes of pellitising iron ores. It is the second time of closure after Vale acquired this company from last August. However no direct impact on mid-stream concentrates. –    Mysteel(Sep 21- 27th) Australia and Brazil iron ore total delivery at …

Continue reading “Daily Ferrous Physical Review Sep 30th”