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 …
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London Iron Ore Market Report
Oil and Ore Intraday Morning Technical
DCE dips on the close after high opening
Iron ore futures dipped slightly toward the close, after opening high in morning session on better market outlook on infrastructure sectors. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped slightly by 0.12% or RMB 1 day-on-day to RMB 820 per tonne on Tuesday. Likewise, the steel rebar contract on …
FIS Weekly Ferrous Report 28072020
London Iron Ore Market Report
The ‘New-COVID’ Economy
US-China trade tension and rising COVID-19 infections have resulted in negativity creeping into the iron ore market, the greenback, and European shares. The global outlook is being shaken by the threat of a second European wave and a continued rise of infection levels in the US. The uncertainty has seen gold rally to an all-time …
DCE drops on market uncertainty and rising US-China tension
Iron ore futures slid on start of the week, continuing the correction phrase seen last week on bearish market sentiments and rising US-China tension. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 1.99% or RMB 16.50 day-on-day to RMB 814.50 per tonne on Monday. Following the drop, the steel …
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Daily Ferrous Physical Review Jul 27th
Ferrous Market Updates – Steelbank Inventory: rebar inventories 7.52 million tonnes, up 2.38% w-o-w. HRC 1.84 million tonnes, up 1.85%. – China H1 pig iron production 432.68 million tonnes, up 2.2% y-o-y. Crude steel production 499.01 million tonnes, up 1.4% y-o-y. – China metallurgical research institution said China steel per GDP will decrease in long …
