Category archives: Ferrous
FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level
Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …
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DCE rises amid mixed outlook
Chinese futures continued to rally for the second consecutive day despite mixed market outlook over steel demand and tight supply during summer season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 20 or 2.68% day-on-day to RMB 767 per tonne on Tuesday. Following the iron …
Steel & Scrap 07-07-20
Ferrous Weekly Report 07072020
London Iron Ore Market Report
Globally bullish or a bullish bubble?
It started in China. Base metals, equities and now iron ore have caught the bull market bug that started five days ago on the Shanghai Composite Index. The index was up nearly 6% from the close on Friday, capping five days of gains that has seen a 12.5% increase in the last five sessions. Optimism …
Oil and Ore Intraday Morning Technical
Steel & Scrap 06-07-20
DCE ends high on market optimism
Chinese futures rose on the opening day of the week, due to bullish market sentiment and concerns over supply tightness. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 6.50 or 0.87% day-on-day to RMB 750.50 per tonne on Monday. Similarly, the steel rebar …