Ferrous Market – Steelbank construction steels inventory 2.8896 million tonnes, up 17.31% w-o-w. HRC inventories 1.8673 million tonnes, up 0.28% w-o-w. – Hebei steel mills indicated the pandemic spread in Hebei recently caused the road transportation cost up 15% -50%. – Bureau of Meterology in Australia indicated the Hurricane previously decreaed to a normal wind …
Category archives: Ferrous
Iron Ore DCE May Daily Technical Review 25/1/21
Verdict – Short-term neutral to bearish. DCE iron ore flattened as last Friday however settlement price went down 13.5 yuan, indicating average iron ore trading price went lower. The daily low refreshed last low at Jan 14th. Hourly MACD was flattening. Hourly CCI entered a bearish tunnel. Hourly high moved down from 1083-1073-1061. A rejection …
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European Close 22/1/21
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London Iron Ore Market Report 22/1/21
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Oil and Ore Intraday Morning Technical 22/1/21
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Ferrous trade weekly review 22/1/21
A total of 1,480,000 mt of iron ores was traded for the week ended Jan 22, up almost 28% as compared to previous week, amid the pre-Lunar New Year restocking activities. During the week, the market participants were concerned cyclone development in Australia, and the aftermath of fire incident in Vale’s Ponta do Madeira iron …
Steel & Scrap Morning Report 22/1/21
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Daily DCE Review 22/1/21
Iron ore futures opened high, but only to face a selloff at the start of afternoon session and closed lower by day-end. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.48% day-on-day or RMB 5 to RMB 1,046/mt on Friday. The steel rebar contract on the Shanghai Futures …
Base Morning Intraday Note 22/1/21
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Ferrous Daily Physical Review 22/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 124.38 million tonnes, up 263,300 tonnes w-o-w. Daily evacuation 3.1876 million tonnes, up 222,600 tonnes w-o-w. Australia iron ore 57.55 million tonnes, down 1.14 million tonnes w-o-w. Brazil iron ore 43.599 million tonnes, up 1.66 million tonnes w-o-w. 178 ships at ports, up 6. – …