Iron ore futures made small gain for the day due to the high steel stocks and little price movement in steel products. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange stayed almost flattish but inched up by 0.36% day-on-day to RMB 825 per tonne on Monday. The steel rebar contract …
Category archives: Ferrous
Steel & Scrap Morning Report 12/10/20
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Oil and Ore Intraday Morning Technical
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Iron Ore DCE January Daily Technical Review Oct 12th
Verdict – Short-term neutral. DCE iron ore correct slightly during the whole trading day. From hourly chart, MACD is potential to create a dead cross. Slow stochastic KD created dead cross above overbought area. CCI has created new low in October. If iron ore breakdown 809.0 area potentially drive market to bearish territory, otherwise iron …
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Daily Ferrous Physical Review Oct 12th
Ferrous Market – MySteel surveyed Tangshan winter production curb will decrease 2.7 million tonnes of steel production. In the year 2019 production curb impact 6.3 million tonnes. – Steelbank Inventory: construction steel inventories 7.31 million tonnes, down 0.91% compared to the week before golden weeks. HRC 2.5 million tonnes, up 17.17% to the week before …
London Iron Ore Market Report
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European close
Golden week is over and for iron ore it means the bulls are back in town. Headlines on Bloomberg noted that combined exports from Port Hedland and Brazil are the highest ever, whilst steel inventories which normally see a 15% to 20% decline in Q3 have seen an increase of 3%. However, an Analyst at …
DCE rises with the return of Chinese trade participants
Iron ore futures jumped with the return of Chinese trade participants from the holidays and good economic indicators in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then surged by 4.80% day-on-day to RMB 830 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange then …
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Steel & Scrap Morning Report 8/10/20
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Oil and Ore Intraday Morning Technical 8/10/20
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