Category archives: Ferrous

Ferrous Daily Physical Review 15/1/21

Ferrous Market –    MySteel 45 ports iron ore inventories at 124.12 million tonnes, up 1.45 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 57,600 tonnes w-o-w. Australia iron ore 58.69 million tonnes, up 95,000 tonnes w-o-w. Brazil iron ore 41.94 million tonnes, up 1.50 million tonnes w-o-w. 172 ships at ports, up 13. –    …

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Iron Ore DCE May Daily Technical Review 15/1/21

Verdict – Short-term neutral. DCE iron ore spiked and corrected back in the afternoon session. Today is the last trading day of Jan contract, which will enter physical delivery window next week. Rebar may contract becomes higher than physical price. Slow stochastic KD created dead cross near overbought area. Hourly MACD was flattening in bearish …

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Daily DCE review 14/1/21

Iron ore futures rallied on high restocking demand and closed the day trading session on bullish note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.64% on-day or RMB 17 to RMB 1,055/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was flattish throughout the …

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