Category archives: Ferrous

Daily Ferrous Physical Review Nov 16th

Ferrous Market –    Steelbank: construction steel inventory 4.49 million tonnes, down 12.91% w-o-w. HRC inventory 1.67 million tonnes, down 14.44% w-o-w. –    China October crude steel production 92.2 million tonnes, up 12.7 y-o-y. Jan – Oct crude steel production 873.93 million tonnes, up 5.5% y-o-y. –    China Ministry of Industrial and Information Technology researcher indicated …

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European Close 13/11/20

Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …

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Last sprint for iron ore purchase before winter season

A total of 1.82 million mt of iron ores was traded for the week ended Nov 13, up almost 60% week-on-week as compared to the 1.15 million mt recorded last week. The higher intake of iron ore was due to better steel prices and margins that encouraged mills to produce more steel for the catch-up …

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DCE slips on declining steel prices

Iron ore futures opened low but managed to catchup at the afternoon session before closing at slight dip for the day. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were almost flattish and booked a small loss of 0.83% or RMB 7 day-on-day to RMB 832.50/mt on Friday. The …

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