A total of 1,160,000 mt of iron ores was traded for the week ended Jan 15, around half of the volume compared to last week, due to market uncertainty over slow steel demand. Furthermore, market participants were concerned about rising coronavirus cases in Hebei, the steel-making hub province of China. Though, there was no report …
Tag archives: IO
Daily DCE review 15/1/21
Iron ore futures continued to rally on restocking demand and tight supply concerns over Brazilian and Australian ores due to unfavorable weather conditions. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.45% on-day or RMB 15 to RMB 1,053/mt on Friday. The steel rebar contract on the Shanghai …
Ferrous Daily Physical Review 15/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 124.12 million tonnes, up 1.45 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 57,600 tonnes w-o-w. Australia iron ore 58.69 million tonnes, up 95,000 tonnes w-o-w. Brazil iron ore 41.94 million tonnes, up 1.50 million tonnes w-o-w. 172 ships at ports, up 13. – …
Iron Ore DCE May Daily Technical Review 15/1/21
Verdict – Short-term neutral. DCE iron ore spiked and corrected back in the afternoon session. Today is the last trading day of Jan contract, which will enter physical delivery window next week. Rebar may contract becomes higher than physical price. Slow stochastic KD created dead cross near overbought area. Hourly MACD was flattening in bearish …
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European Close 14/1/21
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London Iron Ore Market Report 14/1/21
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Oil and Ore Intraday Morning Technical 14/1/21
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Daily DCE review 14/1/21
Iron ore futures rallied on high restocking demand and closed the day trading session on bullish note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.64% on-day or RMB 17 to RMB 1,055/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was flattish throughout the …
Daily Ferrous Physical Review 14/1/21
Ferrous Market – MySteel Rebar Inventory: Rebar production 3.45 million tonnes, down 1.18% w-o-w. Mills inventory 2.76 million tonnes, up 6.27% w-o-w. Circulation inventory 4.25 milliontonnes, up 7.51% w-o-w. – Fe Limited planed to ship JWD iron ore from the Q2 2021. The miner expected to start operation in Q1 2021. – Brazil high silicon …
Iron Ore DCE May Daily Technical Review 14/1/21
Verdict – Short-term neutral. DCE iron ore rebounded and resisted by major resistance at 1060. Be aware of cross day short-run trades, which happen few times from late December. A breakthrough on 1079.0 would bring iron ore back to bullish territory. Hourly MACD created gold cross and widened. Slow stochastic KD also created gold …
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