Ferrous Market – South Africa invested 250 million U.S. dollars into a new iron ore separation method(UHDMS) to increase the quality of Sishen mines, which expected to increase the mining cycle by 4 years to the year 2039. The project was approved by Kumba commission. – Tangshan 10 sample steel mills pig iron before tax …
Author archives: Hao Pei
Iron Ore DCE May Daily Technical Review 24/2/21
Verdict – Short-term neutral. DCE iron ore consolidated in narrow range after a big movement before and after Powell’s speech. Be aware of the lower lows and lower highs created over the three trading days of the week. A breakdown on 1089- 1090 area would potentially initiate a correction and chances to fill the gap …
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Ferrous Daily Physical Review 24/2/21
Ferrous Market – Brazil miner CSN Q4 iron ore production 9.47 million tonnes, down 18% from Q3, down 11.4% y-o-y. Q4 iron ore sales 8.64 million tonnes, down 6% from Q3, down 16.4% y-o-y. – MySteel estimate year 2021 iron ore delivery increase 96.3 million tonnes, major contributed by Brazil, India, and U.S.. Q1 supply …
FIS Weekly Ferrous Report 23/2/2021
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 22/2/21
Verdict – Short-term neutral. DCE iron ore create historical high during the first 3 minutes by Asian opening, however gave back most of gains during the day. Hourly MACD softened below 0 axis. Hourly CCI potentially create a bearish divergence with iron ore price. The after CNY iron ore growth was majorly contributed by the …
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Ferrous Daily Physical Review 22/2/21
Ferrous Market – Steelbank construction steels inventory 8.98 million tonnes, up 45.17% compared with the week before Chinese New Year. HRC inventories 3.398 million tonnes, up 50.57% compared with the week before Chinese New Year. – Heard Tangshan potentially execute harsh environment cut on steel rolling mills, some mills stop selling steels after hearing this …
China Wuxi Cobalt Index Weekly Technical Review 22/2/2021
Verdict – Short-term neutral. China Wuxi Cobalt picked up significantly in line with global metals during past two weeks. However Cobalt reached Elliot wave 4 and almost exhaust the theoretical height of a standard wave 4. Slow stochastic KD increase. CCI was approaching the high of 2021. Short-term be aware of a test high and …
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Iron Ore DCE May Daily Technical Review 19/2/21
Verdict – Short-term neutral. DCE iron ore corrected back after created new high since late December. The correction also trigger some divergence on market sentiment. A rejection on 1145.0- 1147.0 would indicate iron ore need more time to find the new direction. Hourly MACD dead cross below 0 axis. Hourly KD create dead cross above …
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Ferrous Daily Physical Review 19/2/21
Ferrous Market – MySteel 45 ports iron ore inventories at 127.07 million tonnes, up 1.875 million tonnes w-o-w. Daily evacuation 2.85 million tonnes, down 431,600 tonnes w-o-w. Australia iron ore 59.97 million tonnes, up 1.48 million tonnes w-o-w. Brazil iron ore 44.43 million tonnes, up 845,000 million tonnes w-o-w. 115 ships at ports, down 54. …
Iron Ore DCE May Daily Technical Review 18/2/21
Verdict – Short-term neutral. DCE iron ore rebounded massively on the first day after Chinese New Year. However the highest of the day was only 14 yuan higher than the high of the first minute in the morning, indicating the following buyers were not extreme confident to bring market to next new level during the …
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