Category archives: Ferrous

DCE rises on China’s positive economic data

Iron ore futures rose on positive economic data from China due to higher steel consumptions and demand.   The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.91% day-on-day to RMB 801/mt on Monday.   The steel rebar contract on the Shanghai Futures Exchange also went up slightly by …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract)

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Iron Ore DCE January Daily Technical Review Nov 2nd

Verdict – Short-term neutral. DCE iron ore created doji and rejected by major resistance arround 805.5. Hourly candles are indicating iron ore created an ascending triangle, a short-run bullish pattern. However iron ore needs to confirm breakthrough level 805.5. Otherwise potentially narrowing in smaller range. Hourly MACD is also weakening. Hourly slow stochastic KD is …

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Daily Ferrous Physical Review Nov 2nd

Ferrous Market –    Steelbank Inventory: construction steel inventories 5.80 million tonnes, down 8.15% w-o-w. HRC 2.09 million tonnes, down 3.33% w-o-w. –    China ferrous physical market rebounded over weekends, coke up 50 yuan as the six round of increase. Eastern steel mills rebar up 50 yuan in Monday morning. Eastern China heavy scrap up 50 …

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Singapore Iron Ore Derivatives Report 30/10/2020

Iron Ore Market Update Market Commentary Iron ore futures rallied to $116 in London morning as investors continued to assess rising port stockpiles against the strength of China’s steel market as the country continues its recovery from the coronavirus pandemic. Iron ore futures were initially lower in Asia as the latest MySteel data showed that …

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Preparation for winter output cut ahead

A total of 1.02 million mt of iron ores was traded for the week ended Oct 30, down almost 27% week-on-week as compared to the 1.39 million mt recorded last week. The declining volumes was in line with market expectation of the upcoming winter production cut with strict environmental regulations being implemented. Pilbara Blend fines …

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