Category archives: Products

Ferrous Daily Physical Review 25/1/21

Ferrous Market –    Steelbank construction steels inventory 2.8896 million tonnes, up 17.31% w-o-w. HRC inventories 1.8673 million tonnes, up 0.28% w-o-w. –    Hebei steel mills indicated the pandemic spread in Hebei recently caused the road transportation cost up 15% -50%. –    Bureau of Meterology in Australia indicated the Hurricane previously decreaed to a normal wind …

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Iron Ore DCE May Daily Technical Review 25/1/21

Verdict – Short-term neutral to bearish. DCE iron ore flattened as last Friday however settlement price went down 13.5 yuan, indicating average iron ore trading price went lower. The daily low refreshed last low at Jan 14th. Hourly MACD was flattening. Hourly CCI entered a bearish tunnel. Hourly high moved down from 1083-1073-1061. A rejection …

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Ferts in Focus 20/1/21

*Urea markets surge to start 2021* Urea futures markets were led higher by significant trading activity in Nola urea to start the year. The bull run was based on strong domestic fundamentals – grain economics and strong prepay demand – as well as the return of participants to the market after a wind down throughout December and …

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