Category archives: Products
Steel & Scrap 02-07-20
Freight Intraday Morning Technical
Morning Oil Note 2/7/20
Good morning all. U.S. WTI crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at 0148 GMT, trimming a 1.4% rise from Wednesday. Brent crude futures eased 6 cents, or 0.1%, to $41.97 a barrel, after rising 1.8% in the previous session. The market has moved up this morning after a fall in US …
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 …
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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 …
