Category archives: Ferrous

Daily DCE Review 27/1/21

Iron ore futures moved flattish after a recent market selloff, due to market concerns over slow restocking activities and thin steel margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 0.24% day-on-day or RMB 2.50 to RMB 1,041.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …

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Ferrous Daily Physical Review 27/1/21

Ferrous Market –    China Iron ore 45 port arrivals at 24.37 million tonnes, down 2.998 million tonnes w-o-w. Northern six port arrivals at 11.35 million tonnes, down 4.25 million tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 19.77 million tonnes, down 1.57 million tonnes w-o-w. Australia iron ore delivery 14.02 million …

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Iron Ore DCE May Daily Technical Review 27/1/21

Verdict – Short-term neutral to bearish.   DCE iron ore rebounded, however intra-day low broke the low in Jan 12th. The daily settlement price also created the lowest since Jan 12th. A breakdown on 1015.5 would potentially cause a breakdown on weak support at 1005.5, thus triggering a mid-run deep correction. A stand on this …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 26/1/21

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