Daily Ferrous Physical Review Sep 25th

Ferrous Market –    MySteel 45 ports iron ore inventory at 116.16 million tonnes, up 1.23 million tonnes w-o-w. Daily evacuation 3.13 million tonnes down 47,100 tonnes w-o-w. Australia iron ore on ports at 57.37 million tonnes up 608,300 tonnes w-o-w. Brazil iron ore on ports at 31.69 million tonnes up 969,200 tonnes w-o-w. 157 ships …

Oil and Ore Intraday Morning Technical

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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 …

DCE posts slight gain on late rally

Iron ore futures remained flattish since market opening but benefited from a late rally in the afternoon session for gains. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.33% day-on-day to RMB 767 per tonne on Thursday. Likewise, the steel rebar contract on the Shanghai Futures …

Iron Ore DCE January Daily Technical Review Sep 24th

Verdict – Short-term neutral to bearish. DCE iron ore entered a short-run consolidation area after the second round of correction. The support at 751.5 is strong since lower area is theoretical support for a double tops pattern. However daily MACD created a classic bearish pattern when seeing longer term MA is bigger than short term …

Daily Ferrous Physical Review Sep 24th

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.53 million tonnes, down 49,300 tonnes w-o-w. Mills inventory 4.86 million tonnes, up 34,800 tonnes w-o-w. Circulation inventory 11.17 million tonnes, up 143,200 tonnes w-o-w. –    MySteel Rebar Inventory: Rebar production 3.76 million tonnes, up 1.03% w-o-w. Mills inventory 3.51 million tonnes, down 1.08% w-o-w. …

DCE dip slightly on slow demand

Iron ore futures stayed rather flattish due to a slowdown in steel demand and lower steel prices. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dipped slightly by 0.65% day-on-day to RMB 766.50 per tonne on Wednesday. However, the steel rebar contract on the Shanghai Futures Exchange saw a slight …