Category archives: Ferrous

DCE rebounds from one-month low despite mixed outlook

 Iron ore futures rebounded from previous one-month low amid high port inventory that affected iron ore demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange was flattish and booked a small gain of 0.20% day-on-day to RMB 768 on Tuesday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …

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London Iron Ore Derivatives Report 26/10/2020

Click below link to view the London Iron Ore Report   https://fisapp.com/wp-content/uploads/2020/10/FIS-Iron-Ore-London-Report-26102020.pd   For more information please contact   FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002

Singapore Iron Ore Derivatives Report 26/10/20

Market Commentary Iron ore extended its losses on Monday as investors weighed supply and demand, while casting a watchful eye on China’s Communist Party plenum. Iron ore port inventories rose for a seventh consecutive week last Friday to hit an 8-month high. In addition, there are growing signs that the strength of demand is wavering …

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DCE falls on supply glut

Iron ore futures continued to fall throughout the trading session due to high port inventory and slowing demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then went down to an almost one-month low at RMB 760.50 per mt on Monday, down 3.31% on daily basis. The steel rebar contract …

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Iron Ore DCE January Daily Technical Review Oct 26th

Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day, the low of the day at 756.5 did not breakdown 751.5. A breakdown on 751.5 would indicate iron ore created the second wave of correction. The first resistance at 776.0-780.0 was a previous support. However from hourly chart, slow stochastic KD is …

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Daily Ferrous Physical Review Oct 26th

Ferrous Market –    Steelbank Inventory: construction steel inventories 6.31 million tonnes, down 6.09% w-o-w. HRC 2.16 million tonnes, down 9.13%. –    Japan Iron & Steel Federation published data suggesting crude steel production 37.10 million tonnes in first half of Financial Year(Apr- Sep), down 26.8% y-o-y, also created the lowest since the year 1968. –    Tangshan …

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