Iron ore futures dipped slightly toward the close, after opening high in morning session on better market outlook on infrastructure sectors. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped slightly by 0.12% or RMB 1 day-on-day to RMB 820 per tonne on Tuesday. Likewise, the steel rebar contract on …
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FIS Weekly Ferrous Report 28072020
London Iron Ore Market Report
The ‘New-COVID’ Economy
US-China trade tension and rising COVID-19 infections have resulted in negativity creeping into the iron ore market, the greenback, and European shares. The global outlook is being shaken by the threat of a second European wave and a continued rise of infection levels in the US. The uncertainty has seen gold rally to an all-time …
DCE drops on market uncertainty and rising US-China tension
Iron ore futures slid on start of the week, continuing the correction phrase seen last week on bearish market sentiments and rising US-China tension. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 1.99% or RMB 16.50 day-on-day to RMB 814.50 per tonne on Monday. Following the drop, the steel …
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Daily Ferrous Physical Review Jul 27th
Ferrous Market Updates – Steelbank Inventory: rebar inventories 7.52 million tonnes, up 2.38% w-o-w. HRC 1.84 million tonnes, up 1.85%. – China H1 pig iron production 432.68 million tonnes, up 2.2% y-o-y. Crude steel production 499.01 million tonnes, up 1.4% y-o-y. – China metallurgical research institution said China steel per GDP will decrease in long …
London Iron Ore Market Report
No big surprise as Australian ores dominate trades
It was typical week which Australian iron ores accounted most of the trade transactions that totaled to 2.5 million mt, up 18.86% week-on-week. Over half or 57.09% of iron ore transaction belonged to the Australian Pilbara Blend Fines (PBF) at 1.43 million mt, then followed by Jimblebar fines at 8.20% or 205,000 mt. Finally, the …
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DCE slips on weekly drop in steel demand
Iron ore futures ended the week in correction as steel demand softened on lower downstream consumption. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 2.13% or RMB 18 day-on-day to RMB 827.50 per tonne on Friday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also dipped by …
Ship Shape – Global Boom or Global Bust?
The Battle of Marathon, the Sacking of Rome, Einstein developing his theory of General Relativity, the Great Depression, The Second World War, the birth of John B, the launch of the PlayStation 2. All are seismic events that have forged and influenced human history. These and so many other events had a profound effect on …