Category archives: Ferrous

DCE continues bullish run on better steel prices

Iron ore futures rallied on better steel margins and rode on global market optimism due to Covid-19 vaccine breakthrough. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.66 % or RMB 13.50 day-on-day to RMB 825.50 /mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

Continue reading “DCE continues bullish run on better steel prices”

European close 9/11/20

The choice oh sources is endless, but we will use Bloomberg for the headline of the day ‘stocks surge to All-time high on vaccine optimism’ with a sub-headline ‘ Pfizer’s Covid Shot prevents 90% of infections in large study’. Equities are making new highs, oil is up 7.2% to USD 42.46, having traded as high …

Continue reading “European close 9/11/20”

FIS Weekly Ferrous Report 10/11/20

Iron ore –          The arrival of iron ore is coming off during last week by 7% w-o-w at 23.82 million tonnes, from mysteel statistics. However this gap is expected to fill up in this week about similar amount. Port stock tendency is still increase since low evacuation plus congestion ships entered port areas. –          The …

Continue reading “FIS Weekly Ferrous Report 10/11/20”

DCE rallies on high steel prices

Iron ore futures rose on higher steel prices, back by better demand and new round of sintering cut in Tangshan. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 3.61% or RMB 28.50 day-on-day to RMB 817.50 /mt on Monday. Following the rally, the steel rebar contract on the …

Continue reading “DCE rallies on high steel prices”