A total of 1.885 million mt of iron ore was exchanged hands for the week ended Sep 4, an increase of 52.37% as compared to the 1.237 million mt recorded last week. Medium grade fines like Pilbara Blend fines (PBF) accounted over half of the transacted trades for this week at 57%, as compared to …
Category archives: Ferrous
Iron Ore Offshore Oct 20 Morning Technical Comment – 240 Min Chart (rolling contract)
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Steel & Scrap Morning Report 4/9/20
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DCE pullbacks amid steel demand recovery
Iron ore futures closed on negative region on Friday, after much rally throughout the week. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange suffered a pullback, dipping 1.45% or RMB 12.50 day-on-day to RMB 850 per tonne on Friday. Similarly, the steel rebar contract on the Shanghai Futures Exchange faced …
Iron Ore DCE January Daily Technical Review Sep 4th
Verdict – Short-term neutral. DCE iron ore Jan tanked low at the end of night session and recovered slightly during the day. The last three hour candles ended with doji, indicating previous correction exhausted and market return to neutral in short-run again. Open interest keep at similar level, most of trades are changing hands. However …
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Daily Ferrous Physical Review Sep 4th
Ferrous Market – Mysteel 45 ports iron ores inventory 113.74 million tonnes, up 635,100 tonnes w-o-w. Daily evacuation 3.256 million tonnes, up 148,900 tonnes w-o-w. Austrilian iron ores inventory 56.66 million tonnes, down 691,600 tonnes w-o-w. Brazil iron ores inventory 30.03 million tonnes, up 227,000 tonnes w-o-w. 169 ships at ports down 19 w-o-w. – …
London Iron Ore Market Report 3/9/20
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Oil and Ore Intraday Morning Technical 3/9/20
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Steel & Scrap Morning Report 3/9/20
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DCE inches up amid stable mills’ stocks
Iron ore futures continued to rise throughout the week on good steel demand from China amid peak construction season. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose slightly by 0.88% or RMB 7.50 day-on-day to RMB 857.50 per tonne on Thursday. Likewise, the steel rebar contract on the Shanghai …