Ferrous Market – BHP Pilbara iron ore production 70.4 million tonnes, down 5% from Q3, up 3% y-o-y. Year 2020 iron ore production 288 million tonnes, up 6% y-o-y. Q4 sales 70.77 million tonnes, down 4% from Q3, up 2% y-o-y. Year 2020 sales 290 million tonnes, up 6% y-o-y. BHP fiscal year 2021 iron …
Tag archives: IO62
Iron Ore DCE May Daily Technical Review 20/1/21
Verdict – Short-term neutral. DCE iron ore rebounded slightly from last closing with decreased volume. Iron ore still stuck in a consolidation range from 1035.5- 1084.5 area. Hourly MACD potentially create gold cross. Hourly slow stochastic KD was widening. Technical signals were neutral currently. The first support is 1035.5. The first resistance is 1084.5
Daily DCE Review 19/1/21
Iron ore futures reversed into losses, as market concerns over declining steel margins and the impact of rising coronavirus cases on steel demand and logistics. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, fell by 1.41% on-day or RMB 15 to RMB 1,046/mt on Tuesday. The steel rebar contract on …
FIS Weekly Ferrous Report 19/1/2021
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Daily DCE review 18/1/21
Iron ore futures continued to rally on better economic indicators from China, despite market concerns over slower restocking activities and rising coronavirus cases in Hebei. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.65% on-day or RMB 17.50 to RMB 1,075/mt on Monday. The steel rebar contract on …
Ferrous Daily Physical Review 18/1/21
Ferrous Market – China National Bureau of Statistics: China 2020 crude steel production 1.05 billion tonnes, up 5.2% y-o-y. Pig iron production 887.52 million tonnes, up 4.3% y-o-y. Steel production 1.32 billion tonnes, up 7.7% y-o-y. – A fire that broke out early Thursday at one of Vale’s ship loaders in northern Brazil was contained …
Iron Ore DCE May Daily Technical Review 18/1/21
Verdict – Short-term neutral. DCE iron ore created new high since 22/12/2020. Currently iron ore created three dojis during last three hours from hourly chart, indicating the rebound was exhausted at the moment. However in mid-run iron ore created 1069.5- 1079 – 1084.5, higher highs over the new year. Thus mid-run was in neutral to …
Continue reading “Iron Ore DCE May Daily Technical Review 18/1/21”
Ferrous Trade Weekly Review 15/1/21
A total of 1,160,000 mt of iron ores was traded for the week ended Jan 15, around half of the volume compared to last week, due to market uncertainty over slow steel demand. Furthermore, market participants were concerned about rising coronavirus cases in Hebei, the steel-making hub province of China. Though, there was no report …
Daily DCE review 15/1/21
Iron ore futures continued to rally on restocking demand and tight supply concerns over Brazilian and Australian ores due to unfavorable weather conditions. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.45% on-day or RMB 15 to RMB 1,053/mt on Friday. The steel rebar contract on the Shanghai …
Ferrous Daily Physical Review 15/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 124.12 million tonnes, up 1.45 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 57,600 tonnes w-o-w. Australia iron ore 58.69 million tonnes, up 95,000 tonnes w-o-w. Brazil iron ore 41.94 million tonnes, up 1.50 million tonnes w-o-w. 172 ships at ports, up 13. – …