Category archives: Ferrous
Oil and Ore Intraday Morning Technical
DCE slips over steel demand concerns
Chinese futures moved to slight decline over industry concerns over China’s low steel demand in summer season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, slipped slightly by RMB 3.00 or 0.40% day-on-day at RMB 738.50 per tonne on Thursday. On the contrary, the steel rebar contract on …
Steel & Scrap 02-07-20
Iron Ore DCE September Daily Technical Review Jul 2nd
Verdict – Short-term neutral. DCE iron ore pushed up during morning session, since DCE coking coal upsoared and support all ferrous products. However iron ore leaked after priced-in the sentiment and massively long covered by the last trading hour. From hourly chart iron ore potentially test low in 730.5 area since previous high rejected below …
Continue reading “Iron Ore DCE September Daily Technical Review Jul 2nd”
FIS Daily Physical Review Jul 2nd
Ferrous Market Updates MySteel Rebar Inventory: Rebar production 4.01 million tonnes, up 0.11% w-o-w. Mills inventory 3.44 million tonnes, up 7.12% w-o-w. Circulation inventory 7.97 million tonnes, up 3.83% w-o-w. Mysteel 64 mills import sintering iron ore inventories at 16.79 million tonnes. Import iron ore turnover in 24 days. Southeast Asian steel and iron institute …
London Iron Ore Market Report
Steel and Scrap News 1/7/20
*Blast Furnace Game Time?* Steelmakers are planning on restarting several Blast Furnaces after being hot-idled for covid-19 in the US. Sentiment remains that the demand side of HRC is lacking. While US and European HRC curves remain in contango, US BUS scrap is pricing lower prints in Jul20 & Aug20. This has put pressure on …
Oil and Ore Intraday Morning Technical
DCE moves flattish amid high PMIs
Chinese futures remained almost flat for Wednesday, till a selldown in the afternoon session that led to a negative closing. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down slightly by RMB 2.00 or 0.27% day-on-day at RMB 742 per tonne on Wednesday. Similarly, the steel rebar …