Category archives: Ferrous

DCE books small gain amid easing rebar prices

Iron ore futures closed on slight gains after opening lower in the morning session for the start of the week. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.36% or RMB 3.00 day-on-day to RMB 834.50 per tonne on Monday. In the meantime, the steel rebar …

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Ship Shape – FIS Commodity Weekly 14/8/20

The Quiet Before the Storm   As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures, the low activity and pause for many markets may now …

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Iron Ore DCE January Daily Technical Review Aug 14th

Verdict – Short-term neutral. DCE iron ore rebounded during the day. However iron ore created lower highs and lows over this week, indicating the consolidation area is narrowing. A rejection on 851.5 would stuck iron ore in consolidation area. The test low area is from 807.5- 820.0, where iron ore saw strong support. From hourly …

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Daily Ferrous Physical Review Aug 14th

Ferrous Market –    Arcelor Mittal planned to build a 1.5 mtpa EAF furnace in AM/NS Calvert, a U.S. steel mill. –    China eastern cement price up 30 yuan to 370 yuan, reached the high before rainy season in July. Cement in eastern areas up 50 yuan in total in August. –    Mysteel 45 major ports …

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DCE bounces back on better buying interests

Iron ore futures rebounded on Thursday over higher buying interests for limited mainstream Australian fines. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange then rose slightly by 0.85% or RMB 7.00 day-on-day to RMB 826.50 per tonne on Thursday. On the contrary, the Shanghai Futures Exchange stayed rather flattish before dipping …

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Iron Ore DCE January Daily Technical Review Aug 13th

Verdict – Short-term neutral. DCE iron ore tested low and recovered most of losses. Daily slow stochastic KD created dead cross in overbought area. CCI created bearish divergence with iron ore price since August 6th. This bearish divergence normally indicate price has correction risk. The return to bull needs a breakthrough on 851.5. A breakdown …

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Daily Ferrous Physical Review Aug 13th

Ferrous Market –    Ukraine export 27.03 million tonnes of iron ore from this January to July, up 16% y-o-y. –    China National Statistic Bureau: major steel enterprises crude steel daily production 2.15 million tonnes, down 0.87% from late July, up 5.14% y-o-y. Daily pig iron 1.92 million tonnes, down 0.6% from end July, up 5.39% …

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