Tag archives: IO

Ferrous trade weekly review 12/3/21

A total of 0.88 million mt of iron ores was traded for the week ended Mar 12, down 17.01% on-week from previous week trade volumes, due to the stricter output curb in Tangshan. Hence, steel prices continued to rally on reduced production, while demand remained high in China, while iron ore buyers were more cautious …

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Daily DCE Review 12/3/21

Iron ore futures opened on high but followed downtrend movement at the end of afternoon session, despite high steel prices. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.28% day-on-day or up RMB 3 to RMB 1,059/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …

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Daily DCE Review 11/3/21

Iron ore futures rebounded from previous trading day losses and closed higher at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), rose by 5.55% day-on-day or up RMB 57.50 to RMB 1,093.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange followed the rally and hiked …

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Iron Ore DCE May Daily Technical Review 11/3/21

Verdict – Short-term neutral. DCE iron ore may contract rebounded significantly during the Asian day session, the noon push was related to copper. In addition, Shanghai equity created second biggest rebound of the year. Hourly MACD created a gold cross during the second hour of this morning. Hourly slow stochastic KD created gold cross during …

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Ferrous Daily Physical Review 11/3/21

Ferrous Market –    Tangshan 10 sample steel mills pig iron before tax 3174 yuan/tonne, billet cost 4024 yuan/tonne, down 22 yuan/tonne w-o-w. Gross profit 266 yuan/tonne, down 98 yuan/tonne. –    MySteel Rebar Inventory: Rebar production 3.49 million tonnes, up 3.28% w-o-w. Mills inventory 5.30 million tonnes, up 1.49% w-o-w. Circulation inventory 13.02 million tonnes, down …

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