Ferrous Market Updates – Steelbank Inventory: rebar inventories 7.60 million tonnes, up 1.12% w-o-w. HRC 1.88 million tonnes, up 2.04%. – China Mettallurgical Association statistics indicated Jun China iron ore concentrates 23.77 million tonnes, up 2.7% m-o-m. Jan – Jun iron ore production 130 million tonnes, down 0.3% y-o-y. Glencore said it will lower coal …
Tag archives: IO
London Iron Ore Market Report
Oil and Ore Intraday Morning Technical
Ship Shape – FIS Commodity Weekly 31/07/20
Ouch Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for …
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London Iron Ore Market Report
DCE surges on accelerated bond completion by end-Oct
Iron ore futures rose further upon news of special bonds issuance to be completed by end-October, according to the China’s Ministry of Finance. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 1.02% or RMB 8.50 day-on-day to RMB 840 per tonne on Thursday. The steel rebar contract …
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London Iron Ore Market Report
FIS CASTAWAY – EPISODE 18
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
DCE rebounds over tight supply
Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …
