Category archives: Ferrous

Supramax & Handysize FFA Daily Report

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

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DCE falls over slow steel demand

Iron ore futures continued the downward trend on lower than expected steel demand and falling steel prices. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped further by 2.71% day-on-day to RMB 790 per tonne on Thursday. The steel rebar contract on the Shanghai Futures Exchange however stayed more flattish …

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Iron Ore DCE January Daily Technical Review Sep 17th

Verdict – Short-term bearish. DCE iron corrected in narrower range during the day, intra-day low was supported by 783.5, 60 day moving average. Breaking down 777.5- 783.5 area would suggest iron ore entering a long-run bearish market. Otherwise iron ore follow a cyclely correction in weekly level. Iron ore did not test high at all …

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Daily Ferrous Physical Review Sep 17th

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.73 million tonnes, up 0.29% w-o-w. Mills inventory 3.55 million tonnes, down 0.8% w-o-w. Circulation inventory 8.81 million tonnes, down 1.4% w-o-w. –    Ganggu Construction Steel Inventory: production 5.58 million tonnes, down 3,300 tonnes w-o-w. Mills inventory 4.82 million tonnes, down 54,200 w-o-w. Circulation inventory 11.32 million …

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