Category archives: Ferrous

Daily Ferrous Physical Review Sep 30th

Ferrous Market –    Vale stopped Minas Gerais mining company Viga for 3 months, total impact 999,000 tonnes of pellitising iron ores. It is the second time of closure after Vale acquired this company from last August. However no direct impact on mid-stream concentrates. –    Mysteel(Sep 21- 27th) Australia and Brazil iron ore total delivery at …

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Oil and Ore Intraday Morning Technical

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DCE rises on Vale’s supply concern

Iron ore futures went up higher with Vale’s suspension of concentration plant in Brazil, stroking supply concerns in the market. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by 1.43% day-on-day to RMB 780.50 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

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DCE inches up on cooling market activities

Iron ore futures posted slight gain on Monday, despite the cooldown of restocking activities ahead of the Golden week holidays. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.92% day-on-day to RMB 770 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …

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Iron Ore DCE January Daily Technical Review Sep 28th

Verdict – Short-term neutral. DCE iron ore technically entered a consolidation range. Iron ore created long upper and lower shadow for previous five trading days, indicating long and short are in a conflicting sentiment. In particular, position level didn’t decrease significantly before golden weeks. From daily pattern, slow stochastic KD potential create gold cross below …

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Daily Ferrous Physical Review Sep 28th

Ferrous Market –    Steelbank Inventory: rebar inventories 7.37 million tonnes, down 0.33% w-o-w. HRC 2.13 million tonnes, up 0.29% w-o-w. –    China HRC FOB SS400 Tianjin price at $505- 510, created global low currently. Export HRC started to grow and import steels come to an end. –    Physical traders are interested in low aluminum concentrates …

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