Category archives: Ferrous
DCE Iron Ore Sep 20
Steel and Scrap News 6/8/20
*Physical scrap breaks the $280/t CFR barrier Physical scrap moved higher this week, with a handful of fixtures reported late last week and early this week. The most recent fixture included a Baltic based seller transacting an HMS 80:20 cargo at $283/t CFR. Furthermore, a Benelux based seller is reported to have transacted a 50:50 …
DCE extends gains on better downstream demand
Iron ore futures rallied on bullish market sentiment since the start of week on better downstream demand from China. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.88% or RMB 25.50 day-on-day to RMB 910 per tonne on Thursday. Following the rally, the Shanghai Futures Exchange also went up …
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Steel & Scrap Morning Report
Iron Ore DCE September Daily Technical Review Aug 6th
Verdict – Short-term consolidate at high level. DCE iron ore September is expected to roll to January contract as major contract from tomorrow or early next week. According to historical rule, rolling normally come along with smaller open interest. That is to say, the previous long interest built to push iron ore market up potentially …
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FIS CASTAWAY – EPISODE 19
What is going on with this iron ore market? How come freight is flying again? Why is nothing moving on oil? Memes aside, join the team to discuss the week’s movements and idiosyncrasies. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon …
London Iron Ore Market Report
Daily Ferrous Physical Review Aug 6th
Ferrous Market – Lianyun Port ships congested because some crew are tested positive of Covid-19. The rest of northern ports are operating normally. Ships at northern are also impacted shortly by the previous typhoon. – MySteel Rebar Inventory: Rebar production 3.84 million tonnes, down 0.74% w-o-w. Mills inventory 3.49 million tonnes, down 0.33% w-o-w. Circulation …
Speculation sees iron ore advance above $112/tonne
Iron ore futures advanced above $112 a tonne on Wednesday amidst of fresh waves of speculative trading seen in the market. Rebar and iron ore were supported after hearing that steel inventory is down this week. Steel inventory data by Mysteel is due to be released tomorrow. At the same time, there are signs that …
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