Tag archives: IO

Ferrous Trade Weekly Review 29/1/21

A total of 1,720,000 mt of iron ores was traded for the week ended Jan 29, up 16.22% as compared to previous week. During the week, there were some market concerns over reduced iron ore imports for 2021, as the Beijing policymakers had reportedly planned to reduce Chinese steel production to cut carbon emission. Nevertheless, …

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Daily DCE Review 29/1/21

Iron ore futures moved flattish throughout the trading day and closed lower at the close, due to market concerns over high steel stockpiles. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 2.03% day-on-day or RMB 20.50 to RMB 990/mt on Friday. The steel rebar contract on the Shanghai …

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Iron Ore DCE May Daily Technical Review 29/1/21

Verdict – Short-term neutral to bearish.   DCE iron ore closed similar with last closing, however market volume and interest decreased. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD created gold cross above oversold area. Short-run technical signals were indicating the previous correction was slowing.   The first support is 959.0. The …

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Ferrous Daily Physical Review 29/1/21

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 …

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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 …

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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 …

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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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