Category archives: Ferrous

Iron Ore DCE January Daily Technical Review Sep 30th

Verdict – Short-term neutral. DCE iron ore rebound strongly during the day, majorly contributed by previous short covering and taking gains. In particular after 14:30 p.m., indicating money flow out to avoid cross holiday risk. After holiday expected a reverse on this speculation. A breakthrough on 809.0 would indicate market recovering to consolidation. A rejection …

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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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