Ferrous Market – Tangshan 10 steel mills average pig iron cost 2446 yuan/tonne, billet cost 3181 yuan/tonne, up 2 yuan/tonne. Mills gross profit 419 yuan/tonne, up 18 yuan w-o-w. – China coal mines safety and inspection bureau planned to investigate Shanxi Province on the safety production and facilities for three months. – MySteel Rebar Inventory: …
Tag archives: IO
European Close 18/11/20
Iron ore futures continue to trade at new highs signaling the market trend remains bullish. Demand remains resilient whilst we are seeing a decline in steel inventories by 178,400 tons (MySteel), this is following the strong industrial and property data from yesterday. The fundamental continues to support the market with futures trading up to …
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
Iron Ore Dec 20 (Rolling Front Month)
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
FIS Castaway Podcast Episode 33
FIS Castaway Podcast – Episode 33 China’s coal imports continue to fall along with Cape freight, while oil and iron ore push, and the Baltic launches a new airfreight index – we discuss it all on Castaway this week along with our award winning app! Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-33-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/76K7aj5UJa3WRgHct5v1zM …
DCE rises on steel rally
Iron ore futures rose higher on better steel prices, despite a choppy session as some market participants doubt whether the rally was sustainable. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then inched up by 1.48% or RMB 12.50 day-on-day to RMB 858/mt on Wednesday. The steel rebar contract on …
Iron Ore DCE January Daily Technical Review Nov 18th
Verdict – Short-term neutral. DCE iron ore Jan contract created both higher highs and higher lows compared to yesterday. However the volatility range became smaller. Iron ore during last three days rebounded with smaller trading volume. From hourly chart, MACD was flattening. Slow stochastic KD was close to the bound of overbought area. If a …
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Daily Ferrous Physical Review Nov 18th
Ferrous Market – Ganggu Construction Steel Inventory: production 5.28 million tonnes, up 19,400 tonnes w-o-w. Mills inventory 3.37 million tonnes, down 178,400 tonnes w-o-w. Circulation inventory 7.20 million tonnes, down 729,800 tonnes w-o-w. – Decmil Group signed 22 million dollar contract with Rio Tinto on the west Pilbara Mesa J miner’s structure and transportation service, …
European close
As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …
DCE benefits from high steel prices and margins
Iron ore futures hiked up higher on better steel prices and market optimism on better steel margins and demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a gain of 2.64% or RMB 22 day-on-day to RMB 855/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange …
Continue reading “DCE benefits from high steel prices and margins”