Category archives: Ferrous

DCE rallies for another record-breaking round on reduced Brazilian supply

Iron ore futures set for another record-breaking level, due to market concerns over reduced supply from Brazil’s Vale. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by1.63% or RMB 15.50 day-on-day to RMB 937/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, however dipped by 1.23% or RMB 48 …

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Iron Ore DCE January Daily Technical Review Dec 3rd

Verdict – Short-term neutral. DCE iron ore Jan contract daily candle created a doji, however the intra-day high still create historic high. The Jan contract continue to roll, expected to finish early next week. The yesterday increase on position were proved as an intra-day turnover as most of them are decreased today. From hourly chart, …

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Daily Ferrous Physical Review Dec 3rd

Ferrous Market –    Vale decrease the iron ore 2020 production to 300-305 million tonnes, previously 310-330 million tonnes. The year 2021 expected production at 315-335 million tonnes. The year 2022 iron ore production reached 400 million tonnes. In next few years, Vale expected annual production reaching 450 million tonnes. –    MySteel Rebar Inventory: Rebar production …

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FIS CASTAWAY – EPISODE 35

FIS Castaway Podcast – Episode 35 – Brazil Special   This week is our Brazil special. Tom, Alex, Chris, and Kerry are joined by Roberto Doring, Deputy Head of Mission to the UK, to discuss the past, present and future of Brazil’s presence in the commodity complex.    Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-35-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/4tHwZmfrNNzCwNZrv3SfwD?si=1O5CwKTPQm-qVr_kj2Sbbw …

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DCE rises to record-high level on strong steel demand

Iron ore futures continued its record-breaking surge on good steel demand and market optimism on economic recovery from the pandemic. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rallied by 3.43% or RMB 31 day-on-day to RMB 934/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, also rose slightly …

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