Category archives: Ferrous

Iron ore market starts well for the new year amid coronavirus concerns

A total of 2,020,000 mt of iron ores was traded for the week ended Jan 8, getting off for a good start of the new year in 2021. The first working week of 2021 also started with positive PMIs indicators in China, which set the pace for a bullish market, though there were some concerns …

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DCE ends the week in rally amid coronavirus concerns

Iron ore futures ended the week on high notes, despite some selloff in the morning session, but only to rally later at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 2.35% on-day or RMB 24.50 to RMB 1,067.50/mt on Friday. The steel rebar contract on …

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Daily Ferrous Physical Review Jan 8th

Ferrous Market –    MySteel 45 ports iron ore inventories at 122.67 million tonnes, down 1.49 million tonnes w-o-w. Daily evacuation 3.02 million tonnes, up 221,600 tonnes w-o-w. Australia iron ore 58.598 million tonnes, down 567,000 tonnes w-o-w. Brazil iron ore 40.435 million tonnes, down 349,000 tonnes w-o-w. 159 ships at ports, up 1. –    Mysteel …

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Iron Ore DCE May Daily Technical Review Jan 8th

Verdict – Short-term neutral, be aware of taking gains of market. DCE iron ore rebounded with higher highs and lows. However still resisted by 1069.5 in particular during the last trading hour. In short-run, be aware of the taking gains when market reaches 1069.5-1079.0 area. From hourly chart, slow stochastic flattened after a dead cross. …

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