Tag archives: IO

Ferrous trade weekly review 26/2/21

A total of 740,000 mt of iron ores was traded for the week ended Feb 26, as the market welcomed the return of Chinese trade participants from holidays. During the week, the trading activities began sluggishly and thinned as mills gradually resumed to the full operation capacity to pre-holidays level. Nevertheless, the PBF accounted the …

Continue reading “Ferrous trade weekly review 26/2/21”

Daily DCE Review 26/2/21

Iron ore futures closed higher at the afternoon session, despite a sluggish start in the morning session, amid good steel consumption for the week. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.72% day-on-day or RMB 19.50 to RMB 1,151/mt on Friday. The steel rebar contract on the …

Continue reading “Daily DCE Review 26/2/21”

Daily DCE Review 25/2/21

Iron ore futures opened high, but only to flatten at the afternoon closing session, amid strong Chinese steel demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.39% day-on-day or RMB 15.50 to RMB 1,131/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also went …

Continue reading “Daily DCE Review 25/2/21”

Iron Ore DCE May Daily Technical Review 25/2/21

Verdict – Short-term neutral. DCE iron ore pick up fast this afternoon however correct back few minutes after. U.S. Dollar linked metal indicated very high correlation over the entire February. U.S. dollar broke important level at 90 at noon. Hourly candles were in the consolidation range. Hourly MACD was narrowing below 0 axis. Hourly CCI …

Continue reading “Iron Ore DCE May Daily Technical Review 25/2/21”

Ferrous Daily Physical Review 25/2/21

Ferrous Market –    South Africa invested 250 million U.S. dollars into a new iron ore separation method(UHDMS) to increase the quality of Sishen mines, which expected to increase the mining cycle by 4 years to the year 2039. The project was approved by Kumba commission. –    Tangshan 10 sample steel mills pig iron before tax …

Continue reading “Ferrous Daily Physical Review 25/2/21”