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Tag archives: IO
Oil and Ore Intraday Morning Technical 10/11/20
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DCE continues bullish run on better steel prices
Iron ore futures rallied on better steel margins and rode on global market optimism due to Covid-19 vaccine breakthrough. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.66 % or RMB 13.50 day-on-day to RMB 825.50 /mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …
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FIS Weekly Ferrous Report 10/11/20
Iron ore – The arrival of iron ore is coming off during last week by 7% w-o-w at 23.82 million tonnes, from mysteel statistics. However this gap is expected to fill up in this week about similar amount. Port stock tendency is still increase since low evacuation plus congestion ships entered port areas. – The …
London Iron Ore Market Report
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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): +1 813 490 6630
DCE rallies on high steel prices
Iron ore futures rose on higher steel prices, back by better demand and new round of sintering cut in Tangshan. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 3.61% or RMB 28.50 day-on-day to RMB 817.50 /mt on Monday. Following the rally, the steel rebar contract on the …
Iron Ore DCE January Daily Technical Review Nov 9th
Verdict – Short-term neutral. DCE iron ore gave back some gains after the spike on last hour of Friday night and first 10 minutes of the day session. At the same time, volume return to normal level as well. The market entered a neutral to bullish range however a confirm of breakthrough on 827.0-834.0 would …
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Daily Ferrous Physical Review Nov 9th
Ferrous Market – Steelbank: China contruction steel inventory 6.73 million tonnes, down 11.18% w-o-w. HRC 2.38 million tonnes, down 6.8% w-o-w. – MySteel researched Tangshan 10 sample steel mills profit 332 yuan/tonnes, up 67 yuan w-o-w. Billet cost after tax down 7 yuan w-o-w. – China Jan-Oct iron ore import at 975 million tonnes, up …
European close
Well the DCE iron ore futures woke up today and decided that if the rest of the world had already concluded the election result and caught a bid, it would follow. The foundation was laid yesterday with the offshore December futures leading the way and making a higher high in the market on the intraday …