Ferrous Market – Lianyun Port ships congested because some crew are tested positive of Covid-19. The rest of northern ports are operating normally. Ships at northern are also impacted shortly by the previous typhoon. – MySteel Rebar Inventory: Rebar production 3.84 million tonnes, down 0.74% w-o-w. Mills inventory 3.49 million tonnes, down 0.33% w-o-w. Circulation …
Author archives: Hao Pei
Iron Ore DCE September Daily Technical Review Aug 3rd
Verdict – Short-term consolidate at high level. DCE iron ore September contract closed slight lower than yesterday. A further breakthrough on 897.0 would drive price to a fast growing tunnel. However a breakdown on 874.0 would lead iron ore to short-run correction. From hourly chart, slow stochastic KD created dead cross last night and deepened …
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Daily Ferrous Physical Review Aug 5th
Ferrous Market – Brazil iron ore July export 33.99 million tonnes up 13% from June. – China 45 ports arrivals at 25.28 million tonnes, up 1.61 million tonnes. Northern six ports arrivals at 13.96 million tonnes, up 1.09 million tonnes. – Mysteel iron ore deliveries at 23.73 million tonnes previous week, down 815,000 tonnes w-o-w. …
FIS Weekly Ferrous Report 04082020
Iron Ore DCE September Daily Technical Review Aug 3rd
Verdict – Short-term consolidate at high level. Iron ore rebounded during the first half hour by Asian morning, along with significant volume and open interest built. DCE iron ore September contract created yearly-high, the high of previous year was 924.5 created in Jul 16th, 2019. Most of commodities rebounded during this morning. However be aware …
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Daily Ferrous Physical Review Aug 3rd
Ferrous Market Updates – Steelbank Inventory: rebar inventories 7.60 million tonnes, up 1.12% w-o-w. HRC 1.88 million tonnes, up 2.04%. – China Mettallurgical Association statistics indicated Jun China iron ore concentrates 23.77 million tonnes, up 2.7% m-o-m. Jan – Jun iron ore production 130 million tonnes, down 0.3% y-o-y. Glencore said it will lower coal …
FIS Weekly Ferrous Report 28072020
Daily Ferrous Physical Review Jul 27th
Ferrous Market Updates – Steelbank Inventory: rebar inventories 7.52 million tonnes, up 2.38% w-o-w. HRC 1.84 million tonnes, up 1.85%. – China H1 pig iron production 432.68 million tonnes, up 2.2% y-o-y. Crude steel production 499.01 million tonnes, up 1.4% y-o-y. – China metallurgical research institution said China steel per GDP will decrease in long …
Iron Ore DCE September Daily Technical Review Jul 24th
Verdict – Short-term bearish. Iron ore corrected two rounds during Asian hours and both with significant volume. From hourly chart, iron ore is creating lower highs and lower lows, correcting in a descending channel. Hour MACD is widening. Hourly slow stochastic KD has corrected from overbought area from July 22nd to areas above oversold area. …
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Daily Ferrous Physical Review Jul 24th
Ferrous Market Updates – MySteel researched 247 steel mills operation rate at 91.02%, up 0.26^ w-o-w, up 5.08% y-o-y. Blast furnace utilisation rate 93.08%, up 0.12% w-o-w, up 6.72% y-o-y. Daily pig iron production at 2.48 million tonnes, up 3,200 tonnes, up 178,800 tonnes w-o-w. – Mysteel 45 ports iron ores inventory 113.25 million tonnes, …