Category archives: Ferrous

FIS CASTAWAY – EPISODE 29

It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets.     Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/   Spotify  https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q   And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba       Disclaimer: This podcast is a marketing communication …

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DCE moves flattish amid mixed outlook

Iron ore futures opened high before losing the upward momentum toward closing and resulted in flattish movement. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up by 0.44% day-on-day to RMB 793.50 per mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and …

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Iron Ore DCE January Daily Technical Review Oct 22nd

Verdict – Short-term neutral to bearish. DCE iron ore tested pressure on 805.5 and corrected. Iron ore had tested 803.5-805.5 area for three times from Oct 14th in hourly chart. The iron ore also gradually created strong support in 785.0 area since most of hourly candles have support in this level from Oct 19th. However …

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Daily Ferrous Physical Review Oct 22nd

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.32 million tonnes, down 98,800 tonnes w-o-w. Mills inventory 4.34 million tonnes, down 215,800 tonnes w-o-w. Circulation inventory 10.07 million tonnes, down 552,800 tonnes w-o-w. –    MySteel Rebar Inventory: production 3.59 million tonnes, down 0.21% w-o-w. Mills inventory 3.28 million tonnes , down 3.06% w-o-w. Circulation inventory …

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European Close 21-20-20

Iron ore flows are strong, suggesting we are looking at an upside countertrend move, unless we see more construction projects announced in China or a stimulus deal agreed in the U.S.     We noted that after the last podium performance with Trump and Biden this seemed unlikely. Today Nancy Pelosi announced she was hopeful …

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