Iron ore futures opened lower, but ended slightly higher on a late market rally, following better economic indicators from China. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 0.28% or RMB 2.50 day-on-day to RMB 908.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, …
Category archives: Ferrous
Steel & Scrap Morning Report 1/12/20
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FIS Weekly Ferrous Report 01/12/20
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European Close 30/11/20
Indecision is creeping into the DCE iron ore futures. A Doji star followed by a spinning top is warning that upside moves could fail to hold at these levels. The intraday futures produced a negative divergence on the close of the 31st, resulting in the evening session trading 13 RMB lower. Rebar futures remain corrective; …
London Iron Ore Market Report
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Oil and Ore Intraday Morning Technical
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DCE rises on good economic indicators
Iron ore futures ended the day session higher, supported by the better steel margins and positive economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose further by 1.11% or RMB 10 day-on-day to RMB 911.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, …
Base Morning Intraday Note
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Iron Ore DCE January Daily Technical Review Nov 30th
Verdict – Short-term neutral. DCE iron ore Jan contract created bigger volatility during the day compared to last week. Iron ore created new high however stayed less than 1 minute and pulled back. Iron ore potentially consolidate around 911.0-912.0 area. Hourly slow stochastic KD created dead cross on Nov 27th and Nov 30th. Technical signals …
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Daily FerrousPhysical Review Nov30th
Ferrous Market – Steelbank: construction steel inventories 3.63 million tonnes, down 7.4% w-o-w. HRC inventories 1.45 million tonnes, down 8.42% w-o-w. – Vale was approved to recover production in Serra Leste miner, expected total production 4-5 million tonnes in the year 2021, and reached 6 million of annual production in the year 2022. – Tangshan …