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Tag archives: IO
DCE rises on Vale’s supply concern
Iron ore futures went up higher with Vale’s suspension of concentration plant in Brazil, stroking supply concerns in the market. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by 1.43% day-on-day to RMB 780.50 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …
FIS Iron Ore Weekly Ferrous Report
Money Movement and Macro Market The ferrous sector has started to correct after moves to control financial leverage of housing companies. This triggered some debt issues at Evergrande, one of the biggest housing companies, but the government also clarified and extend the deleveraging process to the 2023 (Bloomberg). Short-run stress finally reached an end on …
FIS Weekly Ferrous Report 29092020
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London Iron Ore Market Report
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FIS Daily Ferrous Report
Iron ore futures ticked up above $114 on Monday amid growing profits for industrial companies in China, though subdued trading and thin volumes are expected this week ahead of China’s “golden week” holidays. According to data from the National Bureau of Statistics, profits at Chinese industrial enterprises rose for a fourth month, as the continued …
Oil and Ore Intraday Morning Technical
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DCE inches up on cooling market activities
Iron ore futures posted slight gain on Monday, despite the cooldown of restocking activities ahead of the Golden week holidays. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.92% day-on-day to RMB 770 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …
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Iron Ore DCE January Daily Technical Review Sep 28th
Verdict – Short-term neutral. DCE iron ore technically entered a consolidation range. Iron ore created long upper and lower shadow for previous five trading days, indicating long and short are in a conflicting sentiment. In particular, position level didn’t decrease significantly before golden weeks. From daily pattern, slow stochastic KD potential create gold cross below …
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Daily Ferrous Physical Review Sep 28th
Ferrous Market – Steelbank Inventory: rebar inventories 7.37 million tonnes, down 0.33% w-o-w. HRC 2.13 million tonnes, up 0.29% w-o-w. – China HRC FOB SS400 Tianjin price at $505- 510, created global low currently. Export HRC started to grow and import steels come to an end. – Physical traders are interested in low aluminum concentrates …