Daily Ferrous Physical Review Sep 9th

Ferrous Market –    Australia Walcott Pier #1&2, 5&6 maintenance total impact 990,000 tonnes of iron ore delivery this week. Geraldton Pier 5 potential decrease delivery because of sea wave. Brazil Tubarao, PDM total delivery impact arround 910,000 tonnes. –    MySteel 45 port iron ore arrivals at 23.99 million tonnes down 558,000 tonnes w-o-w. Northern 6 …

DCE faces correction after selloff

Iron ore futures faced slight correction after recent rally as buyers paused from procurement in waiting for clearer market directions. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went down by 1.63% day-on-day to RMB 844 per tonne, following a market selloff session. In the meantime, the steel rebar contract …

Iron Ore Offshore Intraday Morning Technical

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London Iron Ore Market Report 7/9/20

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Oil and Ore Intraday Morning Technical 7/9/20

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DCE inches up despite lower China’s monthly imports

Iron ore futures rose slightly on Monday, despite China’s economic data showing a dip in iron ore imports during August. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up slightly by 0.29% day-on-day to RMB 851.50 per tonne after a late rebound session following the selloff at day opening. …

Iron Ore DCE January Daily Technical Review Sep 7th

Verdict – Short-term neutral. DCE iron ore Jan contract tested 874.0 area for the third time during current three weeks and rejected to close with a long upper shadow, indicating the short-run push ended. From short-run, a breakdown on 808.0 area would indicate entering mid-run correction and create a roof area. However a return to …

Daily Ferrous Physical Review Sep 7th

Ferrous Market –    Asian traders believed iron ore exports from both Brazil and Australia will boost in Q4 according to seasonal pattern, in particular after Australia finished port overhaul in September. –    Both southern and northern ports showed interest to buy Yandi fines because of better cost and effective sinterability. –    Lump furnace input ratio …