Ferrous Market – Steelbank construction steels inventory 8.98 million tonnes, up 45.17% compared with the week before Chinese New Year. HRC inventories 3.398 million tonnes, up 50.57% compared with the week before Chinese New Year. – Heard Tangshan potentially execute harsh environment cut on steel rolling mills, some mills stop selling steels after hearing this …
Tag archives: IO
London Iron Ore Market Report 19/02/21
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European Close 19/02/21
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Iron Ore DCE May Daily Technical Review 19/2/21
Verdict – Short-term neutral. DCE iron ore corrected back after created new high since late December. The correction also trigger some divergence on market sentiment. A rejection on 1145.0- 1147.0 would indicate iron ore need more time to find the new direction. Hourly MACD dead cross below 0 axis. Hourly KD create dead cross above …
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Ferrous Daily Physical Review 19/2/21
Ferrous Market – MySteel 45 ports iron ore inventories at 127.07 million tonnes, up 1.875 million tonnes w-o-w. Daily evacuation 2.85 million tonnes, down 431,600 tonnes w-o-w. Australia iron ore 59.97 million tonnes, up 1.48 million tonnes w-o-w. Brazil iron ore 44.43 million tonnes, up 845,000 million tonnes w-o-w. 115 ships at ports, down 54. …
European Close 18/02/21
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London Iron Ore Market Report 18/02/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Oil and Ore Intraday Morning Technical 18/02/21
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Daily DCE Review 18/2/21
Iron ore futures rallied with the return of Chinese participants and market optimism over the post-holidays demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then soared by 7.05% day-on-day or RMB 74.50 to RMB 1,131.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also hiked up by …
Iron Ore DCE May Daily Technical Review 18/2/21
Verdict – Short-term neutral. DCE iron ore rebounded massively on the first day after Chinese New Year. However the highest of the day was only 14 yuan higher than the high of the first minute in the morning, indicating the following buyers were not extreme confident to bring market to next new level during the …
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