Tag archives: IO

DCE dips from higher supplies and lower steel output

Iron ore futures opened high before dropping at the closing due to high port inventory and lower steel production. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange ended the afternoon session down by 2.38% day-on-day to a two-week low of RMB 798.50 per tonne on Wednesday. The steel rebar contract …

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Iron Ore DCE January Daily Technical Review Oct 14th

Verdict – Short-term bearish. DCE iron ore keep correction and testing 809.0 area, which was a strong support in last two months. The breakdown on this support indicate iron ore potentially test 783.5 and return to bearish in mid-run. From hourly chart, however KD is flattening. CCI is also potential to create a bullish divergence. …

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Daily Ferrous Physical Review Oct 14th

Ferrous Market –    Vale port at Malaysia PDM III North and PDM IV South maintenance expected delivery impact arround 518,000 tonnes. –    MySteel Australia and Brazil delivery last week down 1.35 million tonnes. Australia delivery 18.58 million tonnes, down 223,000 tonnes. Australia delivery to China 15.95 milllion tonnes, up 161,000 tonnes w-o-w. Brazil delivery 6.88 …

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European close

A bit of a quandary for iron ore overnight. Iron ore futures had, as mentioned previously entered a corrective phase within a bull move. We asked the question whether China can keep consuming iron ore at this rate and if so, for how long. Well, apparently that question is hanging a little heavier than we …

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DCE falls on high stocks and lower steel output

Iron ore futures dipped on high port stocks accumulated over the holidays period, while steel demand slowed from output cut from Tangshan. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.57% day-on-day to RMB 813 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

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Oil and Ore Intraday Morning Technical 13/10/20

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

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European Close 12/10/20

A bit of a lacklustre start to the week with the November Iron Ore futures moving two dollars off its highs as it enters a corrective phase. Fundamentally the question is can China keep consuming iron ore at this rate, and if so for how long? There has not been an analyst in the market …

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