Ferrous Market – MySteel 45 ports iron ore inventories at 125.01 million tonnes, up 625,100 tonnes w-o-w. Daily evacuation 3.04 million tonnes, down 146,900 tonnes w-o-w. Australia iron ore 58.26 million tonnes, up 705,000 tonnes w-o-w. Brazil iron ore 43.71 million tonnes, up 109,200 tonnes w-o-w. 201 ships at ports, up 23. – MySteel 14 …
Tag archives: IO62
Daily DCE Review 28/1/21
Iron ore futures slid from the RMB 1,000 mark as restocking activities cooled, while more steel imports are expected to replace steel output. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then fell by 4.78% day-on-day or RMB 49.50 to RMB 985.50/mt on Thursday. The steel rebar contract on the Shanghai …
Ferrous Daily Physical Review 28/1/21
Ferrous Market – DCE added BX Steel pelletizing fine, IOC6, Kumba and Ukraine pelletizing fine into deliverable brands. The increase on deliverable iron ores would decrease the market corner chances during and before delivery month. – Ganggu Construction Steel Inventory: production 4.999 million tonnes, down 27,600 tonnes w-o-w. Mills inventory 5.91 million tonnes, up 345,600 …
Iron Ore DCE May Daily Technical Review 28/1/21
Verdict – Short-term bearish. DCE iron ore corrected and breakdown two support above 1000. A breakdown further on 959.0 level would indicate a mid-run bearish created. The major correction was motivated by new short building positions. Hourly KD created dead cross early in this morning. CCI hourly created the lowest after Dec 29th, 2020. …
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Daily DCE Review 27/1/21
Iron ore futures moved flattish after a recent market selloff, due to market concerns over slow restocking activities and thin steel margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 0.24% day-on-day or RMB 2.50 to RMB 1,041.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …
Ferrous Daily Physical Review 27/1/21
Ferrous Market – China Iron ore 45 port arrivals at 24.37 million tonnes, down 2.998 million tonnes w-o-w. Northern six port arrivals at 11.35 million tonnes, down 4.25 million tonnes w-o-w. – MySteel Australia and Brazil iron ore total delivery at 19.77 million tonnes, down 1.57 million tonnes w-o-w. Australia iron ore delivery 14.02 million …
Iron Ore DCE May Daily Technical Review 27/1/21
Verdict – Short-term neutral to bearish. DCE iron ore rebounded, however intra-day low broke the low in Jan 12th. The daily settlement price also created the lowest since Jan 12th. A breakdown on 1015.5 would potentially cause a breakdown on weak support at 1005.5, thus triggering a mid-run deep correction. A stand on this …
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Daily DCE Review 26/1/21
Iron ore futures opened high but dipped at the close with further market selloff, as restocking activities slowed. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 1.54% day-on-day or RMB 16 to RMB 1,025/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, gained slightly by …
FIS Weekly Ferrous Report 26/1/2021
Market Summary： Steel: – The speculators used to long U.S. linked commodities and short CNY linked commodities come to an end as currency become less sensitive to stimulus plan. Construction steel trading volume dropped by 50% from late December 200,000 tonnes to 100,000 tonnes by end of January. Steel bank construction steel inventories up 17.31% …
Daily DCE Review 25/1/21
Iron ore futures traded high on the morning session but faced some correction in afternoon session in a volatile trading market. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.71% day-on-day or RMB 7.50 to RMB 1,047/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange …