Category archives: Ferrous

Ferrous Daily Physical Review 15/3/21

Ferrous Market –    Steelbank construction steels inventory 10.29 million tonnes, up 0.35% w-o-w. HRC inventories 3.14 million tonnes, up 4.12% w-o-w. –    Tangshan held a emergent meeting on March 13th, the mayor of Tangshan required manufacturing industry to follow the production curb strictly, to cut 50% of carbon emission. –    China physical coke down 100 …

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Ferrous trade weekly review 12/3/21

A total of 0.88 million mt of iron ores was traded for the week ended Mar 12, down 17.01% on-week from previous week trade volumes, due to the stricter output curb in Tangshan. Hence, steel prices continued to rally on reduced production, while demand remained high in China, while iron ore buyers were more cautious …

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Daily DCE Review 12/3/21

Iron ore futures opened on high but followed downtrend movement at the end of afternoon session, despite high steel prices. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.28% day-on-day or up RMB 3 to RMB 1,059/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …

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