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Category archives: Ferrous
Steel & Scrap Morning Report 01/02/21
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Daily DCE Review 1/2/21
Iron ore futures opened high, only to close lower later at the afternoon trading session, due to softer China’s economic indicators and lower construction activities. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), thus dipped by 0.76% day-on-day or RMB 7.50 to RMB 977.50/mt on Monday. The steel rebar contract on …
Iron Ore DCE May Daily Technical Review 1/2/21
Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day. Iron ore consolidated for most of January. The breakdown on 1005.5 would potentially trigger a big level correction. Hourly CCI created double tops and potentially reach the weak area below -100. Houly MACD was flattening. The short-term signals were indicating an …
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Ferrous Daily Physical Review 1/2/21
Ferrous Market – Australia Pilbara Ports Authority sent a cyclone notice late last week, the cyclone passed by the Hedland port area, which was cleared during weekends. However the cyclone has left the coastal area on Monday, detail impact on delivery to be announced. – FMG SSF discount expanded to 11% from 10% in January. …
London Iron Ore Market Report 29/1/21
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European Close 29/1/21
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Ferrous Trade Weekly Review 29/1/21
A total of 1,720,000 mt of iron ores was traded for the week ended Jan 29, up 16.22% as compared to previous week. During the week, there were some market concerns over reduced iron ore imports for 2021, as the Beijing policymakers had reportedly planned to reduce Chinese steel production to cut carbon emission. Nevertheless, …
Steel & Scrap Morning Report 29/1/21
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Daily DCE Review 29/1/21
Iron ore futures moved flattish throughout the trading day and closed lower at the close, due to market concerns over high steel stockpiles. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 2.03% day-on-day or RMB 20.50 to RMB 990/mt on Friday. The steel rebar contract on the Shanghai …