Daily Ferrous Physical Review 15/10/20

Ferrous Market –    Canada miner Black Iron signed a 60 million dollar contract including a project with 646 million tonnes of iron ores. –    Indian Miner Industrial Organisation FIMI indicated India needs 165 million tonnes of iron ore. FIMI also indicated potentially impose export tariff on 58% grade of iron ore. –    MySteel Rebar Inventory: …

European Close 14/10/20

Sentiment is turning sour for the Iron Ore futures with continued downside selling pressure. Exports from Australia have held above 18 million tons for 3 consecutive weeks, following record flows in September from Port Hedland (Bloomberg). The November futures took the worst of the hit early in the night session with price trading down to …

FIS CASTAWAY – EPISODE 28

Please click below to view the report         Covid-free podcast. Don’t worry, we don’t mention the C word this week. Join Chris, Kerry and Tom as they discuss the movers and shakers in the freight and commodity markets.   Website https://freightinvestorservices.com/blog/fis-castaway-eps-28-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/0Or1J28BVx3QpqCNoshu8D?si=0HRbKajpTseE7rBmegtslQ   And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=ceed5e2e-6c21-838b-9e13-2573ebdd402b     Disclaimer: This podcast is …

DCE dips from higher supplies and lower steel output

Iron ore futures opened high before dropping at the closing due to high port inventory and lower steel production. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange ended the afternoon session down by 2.38% day-on-day to a two-week low of RMB 798.50 per tonne on Wednesday. The steel rebar contract …

Steel & Scrap Morning Report 14/10/20

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

Iron Ore DCE January Daily Technical Review Oct 14th

Verdict – Short-term bearish. DCE iron ore keep correction and testing 809.0 area, which was a strong support in last two months. The breakdown on this support indicate iron ore potentially test 783.5 and return to bearish in mid-run. From hourly chart, however KD is flattening. CCI is also potential to create a bullish divergence. …

Daily Ferrous Physical Review Oct 14th

Ferrous Market –    Vale port at Malaysia PDM III North and PDM IV South maintenance expected delivery impact arround 518,000 tonnes. –    MySteel Australia and Brazil delivery last week down 1.35 million tonnes. Australia delivery 18.58 million tonnes, down 223,000 tonnes. Australia delivery to China 15.95 milllion tonnes, up 161,000 tonnes w-o-w. Brazil delivery 6.88 …

European close

A bit of a quandary for iron ore overnight. Iron ore futures had, as mentioned previously entered a corrective phase within a bull move. We asked the question whether China can keep consuming iron ore at this rate and if so, for how long. Well, apparently that question is hanging a little heavier than we …