Chinese futures continued to slide for the second consecutive days as the market headed toward correction after the rally last week. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, decreased slightly by 0.33% to RMB 757 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures …
Category archives: Ferrous
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
FIS Ferrous Weekly Report 23/06/2020
London Iron Ore Market Report
Futures fall but iron ore supply chain ‘super-stretched’
Iron ore futures fell below $100 on Monday amid a seasonal slowdown in Chinese activities. According to latest data from Steelhome, Chinese iron ore port stockpiles gained for the first time since April to 108.4 million tonnes (up +0.56% w/w), as Australia and Brazil ramped up its iron ore production. Cargoes shipped via Australia’s …
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Iron Ore – and so it begins
Big questions have been asked in recent weeks about the iron ore rally, with many financial institutions forecasting that we will see a weakening of prices in the second half of 2020. Brazil continues to have serious control issues with COVID-19 and seemingly no plan to lockdown the country on a grand scale. Vale won …
DCE corrects amid market uncertainty
Chinese futures slid at the start of the week as trade participants seek for clearer market directions. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down by 2.21% to RMB 753.50 per tonne on Monday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also slipped …
FIS Steel & Scrap Update – 22nd June
Turkish import prices retreat $8 since Wednesday Jul and Aug scrap futures trade $257/t and $260/t respectively Turkish import prices have softened $8 since last Wednesday amid a slow up in physical buying activity. The scrap futures curve continues to hold its relatively flat nature, July futures traded at $257/t, whilst August printed at $260/t …
Iron Ore DCE September Daily Technical Review Jun 22nd(Daily Chart from Mar 11th to Jun 22nd)
Verdict – Short-term neutral to bearish. DCE iron ore correct in the morning session and consolidate arround 753.0 level during the afternoon. The ferrous sector position evaporated from previous week. A breakdown on 746.5 level potentially drive market to mid-run bearish. DCE iron ore sep contract technical signals including MACD, slow stocahstic KD and CCI …
FIS Daily Physical Review Jun 22nd
Iron Ore and Steel Market Updates – The low grade fines and discounted fines are becoming higher versus major brands iron ores, indciated steel mills are thinking of controling production cost. – China Jan – May cement production at 769 million tonnes, down 8.2% y-o-y. However may cement production at 249 million tonnes, up 8.6% y-o-y, …