Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 1/3/21

Verdict – Short-term neutral. DCE iron ore corrected and price movement were slow after Chinese New Year. The first support on 1089.5 was higher than 1041, which was the lower bound of gap created during the first day after Chinese New Year. However hourly candles created a descending tunnel with lower highs and lows. Hourly …

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Ferrous Daily Physical Review 1/3/21

Ferrous Market –    In the year 2020, China crude steel production 1.06 billion tonnes, up 7% y-o-y. Steel production 13.25 billion tonnes, up 10% y-o-y. China export 53.67 million tonnes of steel, down 16.5% y-o-y. Import steel 20.23 million tonnes, up 19.8% y-o-y. –    Steel bank construction steel inventory 9.81 million tonnes, up 9.14% w-o-w. …

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Ferrous trade weekly review 26/2/21

A total of 740,000 mt of iron ores was traded for the week ended Feb 26, as the market welcomed the return of Chinese trade participants from holidays. During the week, the trading activities began sluggishly and thinned as mills gradually resumed to the full operation capacity to pre-holidays level. Nevertheless, the PBF accounted the …

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Daily DCE Review 26/2/21

Iron ore futures closed higher at the afternoon session, despite a sluggish start in the morning session, amid good steel consumption for the week. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.72% day-on-day or RMB 19.50 to RMB 1,151/mt on Friday. The steel rebar contract on the …

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