Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 29.75 million tonnes, down 4.58 million tonnes w-o-w. Australia iron ore delivery 21.72 million tonnes, up 3.42 million tonnes w-o-w. Australia delivery to China 18.54 million tonnes, up 4.23 million tonnes w-o-w. Brazil iron ore delivery 8.03 million tonnes, up 1.16 million tonnes …
Tag archives: IO
Iron Ore DCE May Daily Technical Review Dec 30th
Verdict – Short-term neutral to bearish. DCE iron ore created the high since December 10th, the first significant resistance at 1005.5. A breakdown on 959.5 potentially bring market back to bearish territory. From hourly chart, MACD was narrowing below 0 axis. Hourly slow stochastic KD created gold cross on the upper bound of oversold area. …
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London Iron Ore Market Report
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Iron Ore April 21 (Rolling 4th Month)
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DCE dips on bad weather concerns
Iron ore futures continued correction phrase as the cold weather affected steel demand and logistics in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) fell by 2.46% or RMB 25.50 on-day to RMB 1,010.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also slid by 1.53% or …
Oil and Ore Intraday Morning Technical
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FIS Weekly Ferrous Report 29/12/20
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DCE corrects on lower steel prices
Iron ore futures went down to correction phrase, after opening high in the morning session only to close lower at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dipped slightly by 0.73% or RMB 7.50 to RMB 1,025.50/mt on Monday. Similarly, the steel rebar contract on the Shanghai …
Iron Ore DCE May Daily Technical Review Dec 28th
Verdict – Short-term neutral to bearish. DCE iron ore retreated after rejection below important resistance at 1069.5 last Friday. Mid-run iron ore consolidate between 992.0-1069.5 area. However a breakdown on 990.5-992.0 area would indicate a potential reversal to bearish territory in long-run. Hourly CCI corrected from one week high to one week low during one …
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Daily Ferrous Physical Review Dec 28th
Ferrous Market – Steelbank Inventory: construction steel inventories 2.87 million tonnes, down 3.55% w-o-w. HRC 1.39 million tonnes, up 12.65% w-o-w – China January to November above scale industry companies net profit 5.74 trillion yuan, up 2.4% y-o-y, up 1.7% compared to January to October. Ferrous and steel pressing down 9.9% y-o-y. – The flat …