Iron ore futures slid over output restriction concerns in Tangshan, which dampened market appetite for raw materials. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dipped by 3.47% day-on-day or down RMB 37.50 to RMB 1,042/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also dropped slightly …
Tag archives: IO62
Daily DCE Review 18/3/21
Iron ore futures went up higher on tighter steel inventory, amid better downstream demand as trade participants prepared for the construction season. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then went up by 2.45% day-on-day or up RMB 26 to RMB 1,089/mt on Thursday. The steel rebar contract on the …
Daily DCE Review 17/3/21
Iron ore futures closed the day on slight gains, supported by high steel prices, despite a choppy session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then went up slightly by 0.61% day-on-day or up RMB 6.50 to RMB 1,068/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, …
Daily DCE Review 16/3/21
Iron ore futures rebounded from previous trading day loss, due to higher steel prices and better margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 3.88% day-on-day or up RMB 40 to RMB 1,070/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however managed …
FIS Weekly Ferrous Report 16/03/2021
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Daily DCE Review 15/3/21
Iron ore futures dipped on stricter emission cuts in steelmaking hub of Tangshan, imposed by Chinese environment ministry. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid by 3.50% day-on-day or up RMB 37.50 to RMB 1,035/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however managed …
Iron Ore DCE May Daily Technical Review 15/3/21
Verdict – Short-term neutral. DCE iron ore may contract tested low from February 8th, and then recover some gains during the day session. The major short positions were on September contract. The rolling expected to complete in late March seasonally. Hourly slow stochastic KD potentially create a gold cross above oversold area. CCI rebounded. Short-run …
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Ferrous Daily Physical Review 15/3/21
Ferrous Market – Steelbank construction steels inventory 10.29 million tonnes, up 0.35% w-o-w. HRC inventories 3.14 million tonnes, up 4.12% w-o-w. – Tangshan held a emergent meeting on March 13th, the mayor of Tangshan required manufacturing industry to follow the production curb strictly, to cut 50% of carbon emission. – China physical coke down 100 …
Ferrous trade weekly review 12/3/21
A total of 0.88 million mt of iron ores was traded for the week ended Mar 12, down 17.01% on-week from previous week trade volumes, due to the stricter output curb in Tangshan. Hence, steel prices continued to rally on reduced production, while demand remained high in China, while iron ore buyers were more cautious …
Daily DCE Review 12/3/21
Iron ore futures opened on high but followed downtrend movement at the end of afternoon session, despite high steel prices. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.28% day-on-day or up RMB 3 to RMB 1,059/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …