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 …
Tag archives: IO
European Close 04-12-20
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
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
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
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 …
DCE rises toward the RMB 1,000/mt mark
Iron ore futures ended the week on record-breaking rally, which might challenge the RMB 1,000/mt mark at this bullish market momentum. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange surged by 4.24% or RMB 39.50 day-on-day to RMB 972/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …
European Close 03/12/20
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
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
DCE rallies for another record-breaking round on reduced Brazilian supply
Iron ore futures set for another record-breaking level, due to market concerns over reduced supply from Brazil’s Vale. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by1.63% or RMB 15.50 day-on-day to RMB 937/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, however dipped by 1.23% or RMB 48 …
Continue reading “DCE rallies for another record-breaking round on reduced Brazilian supply”
Iron Ore DCE January Daily Technical Review Dec 3rd
Verdict – Short-term neutral. DCE iron ore Jan contract daily candle created a doji, however the intra-day high still create historic high. The Jan contract continue to roll, expected to finish early next week. The yesterday increase on position were proved as an intra-day turnover as most of them are decreased today. From hourly chart, …
Continue reading “Iron Ore DCE January Daily Technical Review Dec 3rd”