Category archives: Ferrous

Daily Ferrous Physical Review Sep 28th

Ferrous Market –    Steelbank Inventory: rebar inventories 7.37 million tonnes, down 0.33% w-o-w. HRC 2.13 million tonnes, up 0.29% w-o-w. –    China HRC FOB SS400 Tianjin price at $505- 510, created global low currently. Export HRC started to grow and import steels come to an end. –    Physical traders are interested in low aluminum concentrates …

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Chinese mills switch back to medium grade fines

A total of 1.885 million mt of iron ores was traded for the week ended Sep 25, down 13.40% week-on-week as compared to the 2.302 million mt recorded last week. Pilbara Blend fines (PBF) accounted most of the market shares, as the combination of low grade fines and high grade fines yielded little cost effectiveness …

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DCE dips as most restocking activities end

Iron ore futures dipped lower at the day-close despite a late rally during the afternoon session. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange fell slightly by 0.20% day-on-day to RMB 764.50 per tonne on Friday. Similarly, the steel rebar contract on the Shanghai Futures Exchange posted slight drop of …

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Iron Ore DCE January Daily Technical Review Sep 25th

Verdict – Short-term neutral to bearish. DCE iron ore corrected slightly by closing from yesterday. Iron ore was strongly supported by 751.5- 754.0 area for three times during the week, observed from hourly chart. However iron ore created lower highs over past two weeks. Iron ore from mid-run is still in a bearish territory. From …

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Daily Ferrous Physical Review Sep 25th

Ferrous Market –    MySteel 45 ports iron ore inventory at 116.16 million tonnes, up 1.23 million tonnes w-o-w. Daily evacuation 3.13 million tonnes down 47,100 tonnes w-o-w. Australia iron ore on ports at 57.37 million tonnes up 608,300 tonnes w-o-w. Brazil iron ore on ports at 31.69 million tonnes up 969,200 tonnes w-o-w. 157 ships …

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Oil and Ore Intraday Morning Technical

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