Category archives: Ferrous

DCE ends the week high above the 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, due to good steel demand, supply concerns and speculative trading. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) maintained above the $1,000/mt mark, after booking a gain of 6.23% day-on-day or RMB 63 to RMB 1,073.50/mt on Friday. Similarly, the steel rebar …

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Daily Ferrous Physical Review Dec 18/12/20

Ferrous Market –    MySteel 45 ports iron ore inventories at 124.04 million tonnes, up 2.01 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 89,900 tonnes w-o-w. Australia iron ore 58.27 million tonnes, up 265,000 tonnes w-o-w. Brazil iron ore 41.26 million tonnes, up 587,500 tonnes w-o-w. 137 ships at ports, up 28. –    Mysteel …

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Iron Ore DCE May Daily Technical Review Dec 18/12/20

Verdict – Short-term neutral to bullish, be aware of reversal on high area.   DCE iron ore May refreshed historical high and pick up significantly during the last half hour, indicating massive sellers left. Short squeezing increased pressure on short positions. From hourly chart, MACD increased fast. Hourly slow stochastic KD moved above overbought area. …

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DCE stays above $1,000/mt on good restocking activities

Iron ore futures continued to hover above the $1,000/mt mark, following a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went up further by 2.60% day-on-day or RMB 26 to RMB 1,026.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, followed the rally …

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Daily Ferrous Physical Review 17/12/20

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.27 million tonnes, down 19,300 tonnes w-o-w. Mills inventory 4.41 million tonnes, up 247,600 tonnes w-o-w. Circulation inventory 5.67 million tonnes, down 289,700 tonnes w-o-w.-    MySteel import sintered iron ore inventories reached 17.38 million tonnes. Import iron ore turnover in 27 days.-    MySteel Rebar Inventory: Rebar production …

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