Ferrous Market – MySteel 45 ports iron ore inventories at 125.01 million tonnes, up 625,100 tonnes w-o-w. Daily evacuation 3.04 million tonnes, down 146,900 tonnes w-o-w. Australia iron ore 58.26 million tonnes, up 705,000 tonnes w-o-w. Brazil iron ore 43.71 million tonnes, up 109,200 tonnes w-o-w. 201 ships at ports, up 23. – MySteel 14 …
Tag archives: IO
European Close 28/1/21
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London Iron Ore Market Report 28/1/21
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Daily DCE Review 28/1/21
Iron ore futures slid from the RMB 1,000 mark as restocking activities cooled, while more steel imports are expected to replace steel output. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 4.78% day-on-day or RMB 49.50 to RMB 985.50/mt on Thursday. The steel rebar contract on the Shanghai …
Ferrous Daily Physical Review 28/1/21
Ferrous Market – DCE added BX Steel pelletizing fine, IOC6, Kumba and Ukraine pelletizing fine into deliverable brands. The increase on deliverable iron ores would decrease the market corner chances during and before delivery month. – Ganggu Construction Steel Inventory: production 4.999 million tonnes, down 27,600 tonnes w-o-w. Mills inventory 5.91 million tonnes, up 345,600 …
Iron Ore DCE May Daily Technical Review 28/1/21
Verdict – Short-term bearish. DCE iron ore corrected and breakdown two support above 1000. A breakdown further on 959.0 level would indicate a mid-run bearish created. The major correction was motivated by new short building positions. Hourly KD created dead cross early in this morning. CCI hourly created the lowest after Dec 29th, 2020. …
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European Close 27/1/21
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London Iron Ore Market Report 27/1/21
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Oil and Ore Intraday Morning Technical 27/1/21
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Daily DCE Review 27/1/21
Iron ore futures moved flattish after a recent market selloff, due to market concerns over slow restocking activities and thin steel margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 0.24% day-on-day or RMB 2.50 to RMB 1,041.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …