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Tag archives: IO
A return for Australian medium grade fines
A total of 2.03 million mt of iron ores was exchanged hands for the week ended Sep 11, up 7.69% as compared to the 1.89 million mt recorded last week. Pilbara Blend fines (PBF) accounted almost half of the transacted trades for this week at 49%, lesser than the 57% of market share seen in …
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DCE ends the week higher amid narrowing steel margins
Iron ore futures inched up by the end of the week, despite narrowing steel margins and high raw material costs. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose slightly by 0.84% day-on-day to RMB 837 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange ended …
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Oil and Ore Intraday Morning Technical 11/9/20
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Daily Ferrous Physical Review Sep 11th
Ferrous Market – MySteel 45 ports iron ore inventory at 114.56 million tonnes, up 824,600 tonnes w-o-w. Daily evacuation 3.14 million tonnes down 117,200 tonnes w-o-w. Australia iron ore on ports at 57.79 million tonnes down 1.13 million tonnes w-o-w. Brazil iron ore on ports at 30.31 million tonnes up 280,300 tonnes w-o-w. 165 ships …
London Iron Ore Market Report 10/9/20
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DCE falls further on weak steel prices
Iron ore futures continued to slide under selling pressures due to mixed market outlook over steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange plunged by 2.26% day-on-day to RMB 822 per tonne on Thursday. The steel rebar contract on the Shanghai Futures Exchange also faced correction and went …
Iron Ore DCE January Daily Technical Review Sep 10th
Verdict – Short-term bearish. Maintain short-run bearish during this week. Iron ore created many long upper shadow candles, indicating majority of new buyers are intra-day traders, versus most sellers are holding longer period of time. The resistance level was the high of each trading day. From hourly chart, slow stochastic KD created cyclical low. MACD …
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Daily Ferrous Physical Review Sep 10th
Ferrous Market – Ganggu Construction Steel Inventory: production 5.58 million tonnes, down 137,900 tonnes w-o-w. Mills inventory 4.88 million tonnes, down 126,400 tonnes w-o-w. Circulation inventory 11.47 million tonnes, up 37,200 tonnes w-o-w. – MySteel Rebar Inventory: Rebar production 3.72 million tonnes, down 2.82% w-o-w. Mills inventory 3.58 million tonnes, down 2.35% w-o-w. Circulation inventory …
London Iron Ore Market Report
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