Category archives: Products

Daily Ferrous Physical Review Dec 7th

Ferrous Market –    Steelbank Inventory: construction steel inventories 3.33 million tonnes, down 8.18% w-o-w. HRC 1.34 million tonnes, down 7.79% w-o-w. –    A CISA official indicated iron ore spike has increased the industry risk and harm to the stabilisation on the ferrous chain, and suspect some market squeeze and manipulation. –    DCE started a new …

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Iron Ore: A strong start to the end

A total of 925,000 mt of iron ores was traded for the week ended Dec 4, down 32.5% week-on-week, as compared to 1.37 million mt of iron ore traded last week.   Apparently, most of the end-users had risen their restocking activities over the past week and the lower transaction volume implied their concerns over …

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Morning Oil Report 4/12/20

Crude rallied 50 cent this morning after large buying action in the early morning pushing Brent up to the $49.73 level at 0800GMT.   OPEC+ production finally seems to have been settled in a compromised deal on cuts that will see a gradual and deliberate increase in oil production quotas going into 2021. Brent settled …

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