Tag archives: IO

Ferrous Daily Physical Review 4/2/21

Ferrous Market –    Tangshan 10 sample steel mills pig iron before tax 3117 yuan/tonne, billet cost 3956 yuan/tonne, down 1 yuan/tonne w-o-w. Gross profit -106 yuan/tonne, down 9 yuan/tonne. –    Tangshan billet lock price at 3850 yuan from Feb 2 – 17th(16 days), a 7 year high price during Chinese New Year. 3300 yuan(22 days) …

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Daily DCE Review 3/2/21

Iron ore futures had a choppy trading session, following a late rally at the closing afternoon session to recover the losses at the morning session. Despite the late charge, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.89% day-on-day or RMB 8.50 to RMB 948/mt on Wednesday. The …

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Iron Ore DCE May Daily Technical Review 3/2/21

Verdict – Short-term neutral to bearish. DCE iron ore rebounded slightly, the intraday low at 925.0 gathered some trading volume to push iron ore price back to 940-950 level in the afternoon session. Hourly MACD potentially create gold cross. Hourly CCI rebounded for previous six hours and created intraday high. Hourly slow stochastic KD created …

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Ferrous Daily Physical Review 3/2/21

Ferrous Market –    MySteel Australia and Brazil iron ore total delivery at 24.69 million tonnes, up 4.92 million tonnes w-o-w. Australia iron ore delivery 17.05 million tonnes, up 3.02 million tonnes w-o-w. Australia delivery to China 13.13 million tonnes, up 1.175 million tonnes w-o-w. Brazil iron ore delivery 7.645 million tonnes, up 1.896 million tonnes …

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