Iron ore futures plunged on the market opening and ended the five consecutive trading days of gains, due to slower steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went down by 1.25% day-on-day to RMB 787/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange were …
Category archives: Ferrous
Steel & Scrap Morning Report 02/11/20
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Oil and Ore Intraday Morning Technical 02/11/20
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Base Morning Intraday Note 02/11/20
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London Iron Ore Market Report 02/11/20
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DCE rises on China’s positive economic data
Iron ore futures rose on positive economic data from China due to higher steel consumptions and demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.91% day-on-day to RMB 801/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also went up slightly by …
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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract)
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Steel & Scrap Morning Report 02/11/20
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Iron Ore DCE January Daily Technical Review Nov 2nd
Verdict – Short-term neutral. DCE iron ore created doji and rejected by major resistance arround 805.5. Hourly candles are indicating iron ore created an ascending triangle, a short-run bullish pattern. However iron ore needs to confirm breakthrough level 805.5. Otherwise potentially narrowing in smaller range. Hourly MACD is also weakening. Hourly slow stochastic KD is …
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Daily Ferrous Physical Review Nov 2nd
Ferrous Market – Steelbank Inventory: construction steel inventories 5.80 million tonnes, down 8.15% w-o-w. HRC 2.09 million tonnes, down 3.33% w-o-w. – China ferrous physical market rebounded over weekends, coke up 50 yuan as the six round of increase. Eastern steel mills rebar up 50 yuan in Monday morning. Eastern China heavy scrap up 50 …