Ferrous Market – MySteel 45 ports iron ore inventories at 127.07 million tonnes, up 1.875 million tonnes w-o-w. Daily evacuation 2.85 million tonnes, down 431,600 tonnes w-o-w. Australia iron ore 59.97 million tonnes, up 1.48 million tonnes w-o-w. Brazil iron ore 44.43 million tonnes, up 845,000 million tonnes w-o-w. 115 ships at ports, down 54. …
Tag archives: IO62
Daily DCE Review 18/2/21
Iron ore futures rallied with the return of Chinese participants and market optimism over the post-holidays demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then soared by 7.05% day-on-day or RMB 74.50 to RMB 1,131.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also hiked up by …
Iron Ore DCE May Daily Technical Review 18/2/21
Verdict – Short-term neutral. DCE iron ore rebounded massively on the first day after Chinese New Year. However the highest of the day was only 14 yuan higher than the high of the first minute in the morning, indicating the following buyers were not extreme confident to bring market to next new level during the …
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Ferrous Daily Physical Review 18/2/21
Ferrous Market – MySteel Rebar Inventory: Rebar production 3.09 million tonnes, down 4.06% w-o-w. Mills inventory 5.12 million tonnes, up 51.5% w-o-w. Circulation inventory 10.09 milliontonnes, up 37.9% w-o-w. – Tangshan started harsh environment control started from February 16th, without mentioning the end date. – MySteel researched 7 ports from Australia and Brazil iron ore …
Daily DCE Review 10/2/21
Iron ore futures rose on market expectation of better steel demand for post-Lunar New Year period. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 2.39% day-on-day or RMB 25 to RMB 1,071.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also increased slightly by …
Ferrous Daily Physical Review 10/2/21
Ferrous Market – China Ministry of Information and Industry Technology: prohibit new steel making capacity by decrease both steel capacity and production in the year 2021. It was the first time the department mentioning about production control over the decade. – Mongolia major coal export ports closed during Feb 11 – 14th. Ports reopen in …
Iron Ore DCE May Daily Technical Review 10/2/21
Verdict – Short-term neutral, be aware of reversal after Chinese New Year. DCE iron ore rebounded during the last few minutes due to long positions escaping during the last chance before a week long Chinese New Year holiday. The previous week rebound of iron ore was inline with metals rebound after a positive prediction of …
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Daily DCE Review 9/2/21
Iron ore futures continued to rally on better steel margins and expectation of better steel demand for post-Lunar New Year period. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 4.32% day-on-day or RMB 44 to RMB 1,062/mt on Tuesday. The steel rebar contract on the Shanghai Futures …
FIS Weekly Ferrous Report 9/2/2021
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Daily DCE Review 8/2/21
Iron ore futures started the week on bullish rally, due to market optimism over the post-Lunar New Year demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then jumped by 2.90% day-on-day or RMB 29 to RMB 1,028/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also rose …