Category archives: Ferrous

Iron Ore DCE January Daily Technical Review Sep 2nd

Verdict – Short-term neutral. DCE iron ore pushed with increasing new open long positions. However daily high is rejected by yesterday high at 859.5. The 840.5 was a strong support area observed during this week. Short run iron ore needs to breakthrough the consolidation box from 808.0- 859.5, otherwise potentially consolidating currently. The return to …

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Daily Ferrous Physical Review Sep 2nd

Ferrous Market –    Mysteel surveyed Australia port overhaul potentially impact 1.37 million tonnes of delivery. In addition, Geraldton No.5 port delivery is impacted by sea wave. –    Tangshan Fengrun area execute environment production curb from September 1st to 15th,  majorly restricting blast furnace, steel-making and rolling mills. –    MySteel 45 ports iron ore arrived 24.55 …

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DCE inches up on fastest PMI growth

Iron ore futures continued to rally for the second consecutive days on good economic indicators and robust steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose slightly by 0.24% or RMB 2 day-on-day to RMB 846.50 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures …

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DCE rallies from strong steel demand and positive PMI

Iron ore futures started the week on higher note due to strong Chinese steel demand and positive economic indicator. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.61% or RMB 21.50 day-on-day to RMB 844 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …

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Iron Ore DCE January Daily Technical Review Aug 31st

Verdict – Short-term neutral. DCE iron ore September decreased positions massively since this is the last trading day for individual clients before entering delivery month at sep contract. The fall of September contract indicated there is no delivery profits for September buyers after market pushed high earlier today. At the same time, jan contract is …

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Daily Ferrous Physical Review Aug 31st

Ferrous Market –    China August Manufacture PMI 51.0, est. 51.2, last 51.1. –    Tangshan execute environment production restriction on August 31st, the third environment curb over past two weeks. Physical steels push up significantly after hearing the curb. Northern ports operation are impacted by typhoon weather over weekends and expected to recover on Tuesday after …

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