DCE rises with the return of Chinese trade participants

Iron ore futures jumped with the return of Chinese trade participants from the holidays and good economic indicators in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then surged by 4.80% day-on-day to RMB 830 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange then …

Oil and Ore Intraday Morning Technical 8/10/20

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Iron Ore DCE January Daily Technical Review Oct 9th

Verdict – Short-term neutral. DCE iron ore rebounded during the day related to CNY and Shanghai equity rebound, indicate a recovery on investment market. Investors should be aware of reversal in following weeks. Technically entering a consolidation in mid-run since iron ore recovered 809.0 and 816.0 area. A breakthrough on 873.0 would bring market back …

Daily Ferrous Physical Review Oct 9th

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.61 million tonnes, down 3.55% w-o-w. Mills inventory 3.68 million tonnes, up 9.29% w-o-w. Circulation inventory 8.32 million tonnes, up 4.41% w-o-w. –    Ganggu Construction Steel Inventory: production 5.47 million tonnes, up 13,600 tonnes w-o-w. Mills inventory 5.09 million tonnes, up 605,700 tonnes w-o-w. Circulation …

London Iron Ore Market Report 8/10/20

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FIS CASTAWAY – EPISODE 27

Please click below to view the report   This week, as China takes a holiday, the news stream for the rest of the world is incredibly active. From rocketing Freight to flat Tankers, find out the impact on Commodities markets with Chris, Kerry and Tom.     Available now on:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-27-unprecedented-coverage-in-unprecedented-times/   Spotify  …

London Iron Ore Market Report 7/10/20

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