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Category archives: Ferrous
Iron Ore DCE Sep Daily Technical Review 12/5/21
Verdict – Short-term bullish. DCE iron ore September contract continued rebound. Hourly CCI recovered massively from a monthly low of May in current two trading days. Hourly chart indicated the previous gap by the opening of May 10th successfully supported the new round of strong movement. However a short-run increase on price need to confirm …
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Daily Virtual Steel Mill Report 12/5/21
Market Verdict on Iron Ore： · Iron ore short-run bullish. Macro · U.S. dollar index DXY maintained consolidation from 90 – 90.3. · United Nations mid-year 2021 report indicated China growth expected to growth rate at 8.2%, higher than previous prediction at 7.2%. U.S. economy growth rate at 6.2%, higher than previous prediction as well. …
London Iron Ore Market Report 11/05/21
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Daily DCE Review 11/5/21
Iron ore futures had toned down from yesterday record-high session, but still maintained the upward momentum on bullish steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery inched up by 1.67% on-day or RMB 21.50 to RMB 1,306.50/mt on Tuesday, much lower as compared to high 10% increase seen on previous day. …
Morning Steel and Scrap Report 11/5/21
Good Morning, FOB China HRC The index jumped by $64/t on Monday (10.5.21) to US$1014/t, MTD US$946.17/t. Shanghai mainstream HRC ex-warehouse prices rose by Yn560/t to Yn6,620/t yesterday on heated market sentiment and active trade. Chinese mills are active in pushing up their export offers to follow the domestic price trend. Three …
FIS Weekly Virtual Steel Margin Report 11/05/21
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London Iron Ore Market Report 10/05/21
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
Singapore Iron Ore Report 10/05/2021
Market Commentary Iron ore futures surged more than 10% on Monday amid robust Chinese demand as well as optimism over global economic recovery, while the bilateral tensions between Australia and China also helped fired up the steelmaking ingredient. According to the China Iron & Steel Association (CISA), Chinese mills’ daily crude steel production went up …
Morning Steel and Scrap Report 10/5/21
FOB China HRC The index rose by $12/t last Friday (7.5.21) to US$950/t, MTD US$932.60/t. An east China mill sold 10,000t SAE grade pipe-making coils at $950/t fob last week. Some other deals were heard done at $960/t fob for SS400 HRC, but no further details could be confirmed. Two major Chinese mills …