Category archives: Ferrous

Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 26/1/21

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Daily DCE Review 26/1/21

Iron ore futures opened high but dipped at the close with further market selloff, as restocking activities slowed. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 1.54% day-on-day or RMB 16 to RMB 1,025/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, gained slightly by …

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FIS Weekly Ferrous Report 26/1/2021

Market Summary： Steel: – The speculators used to long U.S. linked commodities and short CNY linked commodities come to an end as currency become less sensitive to stimulus plan. Construction steel trading volume dropped by 50% from late December 200,000 tonnes to 100,000 tonnes by end of January. Steel bank construction steel inventories up 17.31% …

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