Category archives: Products

Daily FerrousPhysical Review Nov30th

Ferrous Market –    Steelbank: construction steel inventories 3.63 million tonnes, down 7.4% w-o-w. HRC inventories 1.45 million tonnes, down 8.42% w-o-w. –    Vale was approved to recover production in Serra Leste miner, expected total production 4-5 million tonnes in the year 2021, and reached 6 million of annual production in the year 2022. –    Tangshan …

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European Close 27-11-20

Iron ore continues to hold near its highs on the bullish sentiment from BHP earlier in the week. DCE futures produced a Doji star on the daily chart, signaling indecision is creeping into the market, warning that buyers and sellers are in balance.     Capesize futures closed the week lower after giving up Wednesday …

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Lesser iron ore intakes in preparation for winter

A total of 1.37 million mt of iron ores was traded for the week ended Nov 27, almost halved or down 48.88% week-on-week, as compared to 2.68 million mt recorded last week. The lower transaction volume was due to colder weather in northern China that resulted in lesser construction activities and reduced the intakes for …

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