Ferrous Market Updates – Mysteel researched 247 blast furnace operation rate at 90.63%, down 0.39% w-o-w. Utilisation rate 93.08%, down 2.27% w-o-w. Daily pig iron production 2.48 million tonnes, down 7,200 tonnes w-o-w. – Mysteel 45 ports iron ores inventory 108.78 million tonnes, up 693,300 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 6,000 tonnes …
Tag archives: IO
Daily Ferrrous Physical Review Jul 9th
Ferrous Market Updates – Both port trades and seaborne trades are traded lower yesterday. Some physical traders are reluctant to accept the high price. From the other side, Australia has boost volume during the last month of the fiscal year. – MySteel Rebar Inventory: Rebar production 3.89 million tonnes, down 2.99% w-o-w. Mills inventory 3.41 …
London Iron Ore Market Report
Understanding your Chart – A starting point for technical analysis
FIS Daily Physical Review Jul 8th
Ferrous Market Updates – Major mid-grade iron ores are seeing few weeks of tight supply. However some physical traders expect the supply will recover due to June shipments increase may reflect on July arrivals. Many ships congested in ports. – Tangshan production curb only restricted on sintered machines, however no impact on blast furnace. – …
London Iron Ore Market Report
IRON ORE DAILY MARKET UPDATE
Market Commentary Iron ore futures advanced again on Tuesday, aided by bullish sentiment in China’s equity markets as well as concerns over near-term supply tightness. Following its best single-day percentage gain in about five years on Monday, the Shanghai composite were again higher on Tuesday, despite state media calling for retail investors to be rational, …
Oil and Ore Intraday Morning Technical
FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level
Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …
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DCE rises amid mixed outlook
Chinese futures continued to rally for the second consecutive day despite mixed market outlook over steel demand and tight supply during summer season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 20 or 2.68% day-on-day to RMB 767 per tonne on Tuesday. Following the iron …