Iron Ore and Steel Market Updates – Jun 8 -14th Australia and Brazil iron ore delivery at 25.14 million tonnes, down 4.16 million tonnes w-o-w. Australia delivery at 18.41 million tonnes, down 3.27 million tonnes. Brazil delivery 6.73 million tonnes, down 885,000 tonnes. – MySteel surveyed Australia and Brazil iron ore port overhaul(Jun 15 – …
Category archives: Ferrous
FIS Capesize Technical Report
FIS Capesize Technical Report On the last report we noted that if the RSI went through the 62—64 resistance level the index had a greater chance of going on a run. This has been the case with the index moving 100% higher. To view the full report please click on the link
DCE rises on higher steel output
Chinese futures rose higher on Tuesday, buoyed by higher steel production in China from strong domestic construction demand. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, which increased by 1.03% day-on-day to RMB 781 per tonne on Tuesday. However, the steel rebar contract on the Shanghai Futures Exchange, …
Oil Through the Looking Glass 16/6/20
*Covid-19 vs Supply Cuts* The tussle between bearish and bullish news continues for crude. Coronavirus cases rose to more than 8 million worldwide yesterday, with infections surging in Latin America, while the United States and China are dealing with fresh outbreaks. On the supply side the UAE energy minister said that he had confidence OPEC+ …
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS Ferrous Weekly Report 16/06/2020
FIS Technical – Aluminium Rolling 3 Month – 240 Min
Iron ore futures fall as China steel demand slows, virus cases rise
Iron ore futures fell sharply on Monday on concerns over China’s recovery. Data released on Monday showed China churned out a record of 92.27 million tonnes of steel. According to SteelHome data, iron ore port inventories fell to 107.75 million tonnes last week, the lowest since October 2016. While the decline in port inventories …
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DCE flats on lower steel demand and rising shipments
Chinese futures stayed virtually flat with gains at the morning session being offset by selloff in the afternoon session. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, was flat at RMB 762.50 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange, followed the …
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Oil Through the Looking Glass 15/6/20
Continuation of the Crude Slump The week losses have extended into the new week as new virus infections hit China, Japan and the United States. This raises concerns of people in the market on the return of normal demand that had previously raised sentiment at the easing of lockdown. In the US the cutting of …