Ferrous Market – Australia Pilbara Ports Authority sent a cyclone notice late last week, the cyclone passed by the Hedland port area, which was cleared during weekends. However the cyclone has left the coastal area on Monday, detail impact on delivery to be announced. – FMG SSF discount expanded to 11% from 10% in January. …
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London Iron Ore Market Report 29/1/21
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European Close 29/1/21
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Ferrous Trade Weekly Review 29/1/21
A total of 1,720,000 mt of iron ores was traded for the week ended Jan 29, up 16.22% as compared to previous week. During the week, there were some market concerns over reduced iron ore imports for 2021, as the Beijing policymakers had reportedly planned to reduce Chinese steel production to cut carbon emission. Nevertheless, …
Daily DCE Review 29/1/21
Iron ore futures moved flattish throughout the trading day and closed lower at the close, due to market concerns over high steel stockpiles. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 2.03% day-on-day or RMB 20.50 to RMB 990/mt on Friday. The steel rebar contract on the Shanghai …
Iron Ore DCE May Daily Technical Review 29/1/21
Verdict – Short-term neutral to bearish. DCE iron ore closed similar with last closing, however market volume and interest decreased. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD created gold cross above oversold area. Short-run technical signals were indicating the previous correction was slowing. The first support is 959.0. The …
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Ferrous Daily Physical Review 29/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 125.01 million tonnes, up 625,100 tonnes w-o-w. Daily evacuation 3.04 million tonnes, down 146,900 tonnes w-o-w. Australia iron ore 58.26 million tonnes, up 705,000 tonnes w-o-w. Brazil iron ore 43.71 million tonnes, up 109,200 tonnes w-o-w. 201 ships at ports, up 23. – MySteel 14 …
European Close 28/1/21
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
London Iron Ore Market Report 28/1/21
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
Daily DCE Review 28/1/21
Iron ore futures slid from the RMB 1,000 mark as restocking activities cooled, while more steel imports are expected to replace steel output. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 4.78% day-on-day or RMB 49.50 to RMB 985.50/mt on Thursday. The steel rebar contract on the Shanghai …