Category archives: Ferrous
Crash, Bang, Recovery
It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal. …
FIS Oil ans Ore Technical
Iron Ore Offshore Aug 20 Morning Technical Comment – 240 Min Chart
Steel & Scrap 09-07-20
DCE hits almost one year high on better market outlook
Chinese futures rallied throughout the week and reached almost a one-year high, upon market optimism. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 8 or 1.02% day-on-day to RMB 789 per tonne, a 11-month high on Thursday. Likewise, the steel rebar contract on the Shanghai …
Continue reading “DCE hits almost one year high on better market outlook”
Daily Ferrous Physical Review Jul 10th
Ferrous Market Updates – Mysteel researched 247 blast furnace operation rate at 90.63%, down 0.39% w-o-w. Utilisation rate 93.08%, down 2.27% w-o-w. Daily pig iron production 2.48 million tonnes, down 7,200 tonnes w-o-w. – Mysteel 45 ports iron ores inventory 108.78 million tonnes, up 693,300 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 6,000 tonnes …
Daily Ferrrous Physical Review Jul 9th
Ferrous Market Updates – Both port trades and seaborne trades are traded lower yesterday. Some physical traders are reluctant to accept the high price. From the other side, Australia has boost volume during the last month of the fiscal year. – MySteel Rebar Inventory: Rebar production 3.89 million tonnes, down 2.99% w-o-w. Mills inventory 3.41 …
London Iron Ore Market Report
Steel and Scrap Update 8/7/20
*Physical scrap fixtures continue to be rangebound* A handful of physical fixtures have been reported over the past week, with traded levels holding relatively steady at around $255/t CFR. The most recent fixture was a UK based seller transacting a 15kT cargo, split across 14kT HMS 80:20 at $253/t and 1kT shredded scrap at $258/t …