Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 23.71 million tonnes, down 2.18 million tonnes w-o-w. Australia iron ore delivery 16.68 million tonnes, down 1.67 million tonnes w-o-w. Australia delivery to China 13.95 million tonnes, down 864,000 tonnes w-o-w. Brazil iron ore delivery 7.03 million tonnes, down 506,000 tonnes w-o-w. – Tangshan 32 mills daily production impacted by maintance …
Tag archives: IO
European Close 24/11/20
The December Iron ore futures had a bit of a rebound overnight with price closing 1.09% higher. The rebound has been attributed to lower Brazil shipments and Bloomberg intelligence stating that price will likely stay strong before year end, as steel output remains at high levels. Steel margins remain solid and unchanged at CNY 300 …
London Iron Ore Market Report
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DCE flattens over market uncertainty
Iron ore futures traded flat on the choppy trading session with bullish opening momentum, but only to ease toward afternoon closing session. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were flat day-on-day to RMB 876/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange then went …
FIS Weekly Ferrous Report 24/11/20
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 (FL): +1 813 490 6630
European Close 23-11-20
Steel margins remains supported at CNY 301; however, the iron ore market has now started to come under pressure with yesterday’s futures closing 1.12 % lower at USD 123.35. Price dropped from a six year high after BHP flagged near-term downside risks to Morgan Stanley at a roundtable last week. BHP cited a rebound in …
London Iron Ore Market Report
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 (KS): +1 813 490 6630
Oil and Ore Intraday Morning Technical
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 (KS): +1 813 490 6630
DCE slides on lower steel prices
Iron ore futures went down on lower steel prices, following the slowdown in Chinese construction activities as winter approached. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.20% or RMB 10.50 day-on-day to RMB 867.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also …
