Tag archives: IO

Ferrous trade weekly review 5/3/21

A total of 1.07 million mt of iron ores was traded for the week ended Mar 5, up 44.59% on-week from previous week trade volumes, as most Chinese participants geared up for the construction season in March. However, some market uncertainty rose during the week, due to the commencement of China’s Two Sessions meeting as …

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Daily DCE Review 5/3/21

Iron ore futures reversed into losses, due to lower steel prices and market uncertainty over the Two Sessions meeting in Beijing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid up by 3.26% day-on-day or RMB 38 to RMB 1,127.50/mt on Friday. The steel rebar contract on the Shanghai Futures …

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Iron Ore DCE May Daily Technical Review 5/3/21

Verdict – Short-term neutral. DCE iron ore may contract corrected massively during last night session after refreshed new high yesterday. Day session iron ore recovered some losses. Hourly slow stochastic KD deepened correction after a dead cross created below overbought area. Hourly CCI rebounded from the lowest since February. Short-run technical signals were indicating a …

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Ferrous Daily Physical Review 5/3/21

Ferrous Market –    MySteel 45 ports iron ore inventories at 127.89 million tonnes, up 1.44 million tonnes w-o-w. Daily evacuation 2.72 million tonnes, up 234,500 tonnes w-o-w. Australia iron ore 61.52 million tonnes, up 1.33 million tonnes w-o-w. Brazil iron ore 43.69 million tonnes, down 311,000 tonnes w-o-w. 126 ships at ports, up 4. –    …

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Daily DCE Review 4/3/21

Iron ore futures continued to rally on tight supply and better steel demand, amid production restriction. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 1.95% day-on-day or RMB 22.50 to RMB 1,174.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also rose slightly by …

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Iron Ore DCE May Daily Technical Review 4/3/21

Verdict – Short-term neutral to bullish. DCE iron ore refreshed historical new highs during the current two trading days. Open interest indicated new long positions were built to drive market up. Hourly MACD expanded. Hourly CCI was approaching new high in March. Be aware of the resistance on historical high area in 1180.0- 1185.0 area, …

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Ferrous Daily Physical Review 4/3/21

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.38 million tonnes, up 5.9% w-o-w.Mills inventory 5.22 million tonnes, up 1.36% w-o-w. Circulation inventory 13.04 million tonnes, up 6.73% w-o-w. –    Tangshan stopped road transportation to port areas from March 3rd – 6th since a new round of air pollution expected to hit Tangshan Area. –    …

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