Category archives: Ferrous

DCE rallies again over supply concerns

Iron ore futures continued to rally for second consecutive day since the start of week over supply concerns. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 3.31% or RMB 28.50 day-on-day to RMB 890 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange then …

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Iron Ore DCE September Daily Technical Review Aug 3rd

Verdict – Short-term consolidate at high level. Iron ore rebounded during the first half hour by Asian morning, along with significant volume and open interest built. DCE iron ore September contract created yearly-high, the high of previous year was 924.5 created in Jul 16th, 2019. Most of commodities rebounded during this morning. However be aware …

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Daily Ferrous Physical Review Aug 3rd

Ferrous Market Updates –    Steelbank Inventory: rebar inventories 7.60 million tonnes, up 1.12% w-o-w. HRC 1.88 million tonnes, up 2.04%. –    China Mettallurgical Association statistics indicated Jun China iron ore concentrates 23.77 million tonnes, up 2.7% m-o-m. Jan – Jun iron ore production 130 million tonnes, down 0.3% y-o-y.  Glencore said it will lower coal …

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