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Category archives: Ferrous
Steel & Scrap Morning Report 13/1/21
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DCE moves flattish amid slow construction steel demand
Iron ore futures had a choppy session today, reaching a peak at the close of the morning session, but only to decline later in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) however, managed to stay positive and rose slightly by 0.10% on-day or RMB 1 to RMB …
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Base Morning Intraday Note 13/1/21
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Daily Ferrous Physical Review 13/1/21
Ferrous Market – Ganggu Construction Steel Inventory: production 5.12 million tonnes, down 142,700 tonnes w-o-w. Mills inventory 5.27 million tonnes, up 335,300 tonnes w-o-w. Circulation inventory 6.21 million tonnes, up 272,500 tonnes w-o-w. – Samarco shipped 75,000 tonnes of pellets from Brazil to Europe, first laycan after restart the operation. Samarco recovered 26% utilisation rate, …
Iron Ore DCE May Daily Technical Review 13/1/21
Verdict – Short-term neutral to bearish. DCE iron ore corrected, however majorly consolidate between 1022.0- 1060.0 area. The trading volume down significantly. From hourly chart, MACD was flattened below 0 axis. Hourly slow stochastic KD created dead cross below overbought area. CCI created a double tops from hourly chart, indicating a correction potential. …
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European Close 12/1/21
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London Iron Ore Market Report 12/1/21
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Oil and Ore Intraday Morning Technical 12/1/21
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DCE rebounds despite coronavirus concerns
Iron ore futures recovered some loss ground at day trading session, due to a rally at the start of the afternoon session to close higher. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose slightly by 0.14% on-day or RMB 1.50 to RMB 1,049/mt on Tuesday. The steel rebar contract …
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