(ARGUS) FOB China HRC – The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t. China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …
Category archives: Ferrous
London Iron Ore Market Report 16/08/21
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 US (FL): +1 813 490 6630
Singapore Iron Ore Derivatives Report 16/08/21
Iron Ore Market Update Market Commentary Iron ore futures fell on Monday after China’s steel production plunged to a 15-month low in July as China’s efforts to cut emission are starting to take effect. According to official data, steel output fell by 8.4% on year to 86.8 million tonnes. However, over the first seven months, …
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Daily DCE Review 16/8/21
Iron ore futures opened high at the start of the week, recovering ground from previous slump last week, as restocking activities picked up among mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.29% day-on-day or up RMB 19 to RMB 850.50/mt, during the day trading session on Monday. The …
Iron Ore DCE Jan Daily Technical Review 16/8/21
Verdict – Short-term neutral to bullish, potentially test high in next trading session. DCE iron ore January rebounded slightly following the previous prediction indicating oversold. The previous two day rebound with big volume however limited growth, indicated the rebound has some confliction. The short-run roof was close to 860.5 area, from hourly chart iron ore …
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Daily Virtual Steel Mill Report 16/8/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · Indian PM Modi indicated India will start 100 trillion rupee(1.35 trillion U.S. dollar) in the new infrastructure projects to increase job roles and new energy projects. · China central bank stated on Saturday that current Chinese Yuan potentially appreciate or depreciate, which potentially …
London Iron Ore Market Report 13/08/21
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 US (FL): +1 813 490 6630
Morning Steel and Scrap Report 13/08/21
FOB China HRC The index was flat yesterday (12.8.21) at US$928/t, MTD US$928.50/t. HRC stockpiles at traders and mills increased by over 60,000t this week, with output increasing, participants said. Buyers were not ready to book with weak demand and some traders started to concern downstream demand may not recover in September. In …
Singapore Iron Ore Report 13/08/21
Iron Ore Market Update Market Commentary China’s steel outlook looks bleak as China’s steel industry vowed to enforce efforts to cut output this year. According to Shanghai Securities News, the government will work closely with the industry to develop plans for staggered steel production cuts over winter. Major producers such as Jiangsu and Shandong have …
Ferrous trade weekly review 13/8/21
A total of 760,000 mt of iron ores was traded for the week ended Aug 13, up 1.33% week-on-week, despite a short trading week with public holidays in Asia. Steel demand remained bearish, due to the ongoing output cuts in China, though some trade participants were heard to purchase more cargoes to capitalize on the …