Ferrous Market – Ganggu Construction Steel Inventory: production 5.26 million tonnes, up 2,600 tonnes w-o-w. Mills inventory 4.93 million tonnes, up 124,000 tonnes w-o-w. Circulation inventory 5.94 million tonnes, up 342,400 tonnes w-o-w. – Low aluminum iron ore demand increased as winter environment protection in China as well as high coke price. – MySteel Australia …
Tag archives: IO62
Iron Ore DCE May Daily Technical Review Jan 6th
Verdict – Short-term neutral. DCE iron ore tested both high and low during the trading day. Iron ore finally recovered some losses after tested 1016.0 area twice during the day. A breakthrough on 1048.5 and 1069.5 potentially trigger a strong rebound in mid-run. From hourly chart, MACD flattened. Hourly KD potentially create gold cross, however …
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DCE rises on supply tightness and high restocking demand
Iron ore futures continued its upward momentum since the start of the week, due to market optimism over steel and restocking demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 4% on-day or RMB 40 to RMB 1,039/mt on Tuesday. The steel rebar contract on the Shanghai Futures …
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FIS Weekly Ferrous Report 5/1/21
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 Ferrous Physical Review 4/1/21
Ferrous Market – Steelbank Inventory: construction steel inventories 3.19 million tonnes, down 7.92% w-o-w. HRC 1.27 million tonnes, down 0.51% w-o-w. – Some physical traders heard FMG increase discount from 7% to 10% on FMG SSF, and 4% to 8% on FMG BF. – Jan 4th : MySteel 45 ports iron ore inventories at 124.16 …
Iron Ore DCE May Daily Technical Review 4/1/21
Verdict – Short-term neutral to bullish. DCE iron ore rebound significantly by 3.35% with smaller aggregated trading volume for the second trading day, indicating market was running on bullish sentiment without significant conflictions. From hourly chart, CCI created new high from November 9th. Small stochastic KD widened after gold cross. The first support is 972.0. …
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DCE starts the year on high note
Iron ore futures opened low, only to finish higher after an afternoon rally that pushed trading to high note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 3.35% on-day or RMB 33 to RMB 1,019.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also hiked …
Daily Ferrous Physical Review Dec 31st
Ferrous Market – MySteel Rebar Inventory: Rebar production 3.5 million tonnes, up 1.02% w-o-w. Mills inventory 2.58 million tonnes, up 15.27% w-o-w. Circulation inventory 3.64 million tonnes, up 0.43% w-o-w. – Tangshan 10 sample steel mills pig iron before tax 2796 yuan/tonne, billet cost 3581 yuan/tonne, up 107 yuan/tonne w-o-w. Gross profit 159 yuan/tonne, down …
Iron Ore DCE May Daily Technical Review Dec 31st
Verdict – Short-term neutral. DCE iron ore consolidated within the narrow range from 972.0 – 998.0. A breakdown on 959.0 would indicate iron ore back to bearish territory. A breakthrough on 1005.0 would potentially initiate a new round of strong rebound. Hourly CCI started to grow from 29th. Technical signals were indicating iron ore consolidate. …
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Daily Ferrous Physical Review Dec 30th
Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 29.75 million tonnes, down 4.58 million tonnes w-o-w. Australia iron ore delivery 21.72 million tonnes, up 3.42 million tonnes w-o-w. Australia delivery to China 18.54 million tonnes, up 4.23 million tonnes w-o-w. Brazil iron ore delivery 8.03 million tonnes, up 1.16 million tonnes …