Ferrous Market – Mysteel 64 steel mills seaborne sintered iron ore inventory 17.64 million tonnes. Iron ore inventory turnover in 26 days. – Mysteel steel mills import iron ore inventory 114.45 million tonnes, up 1.9 million tonnes w-o-w. Sintered iron ore daily consumption 3.04 million tonnes, up 29,400 tonnes w-o-w. – MySteel 45 ports iron …
Tag archives: IO62
DCE lifts by high steel demand
Iron ore futures surged since opening session and closed higher at the afternoon session, amid market optimism for better steel demand. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 2.11% or RMB 18.50 day-on-day to RMB 897/mt on Thursday. The steel rebar contract on the Shanghai …
Iron Ore DCE January Daily Technical Review Nov 26th
Verdict – Short-term neutral. DCE iron ore Jan contract attracted 469 million yuan money inflow during the day, while rebar jan evaporated 328 million yuan. Iron ore May contract rebound 1% more than Jan contract due to rolling. However DCE Jan contract still double the positions of May contract. The completion of rolling is expected …
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Daily FerrousPhysical Review Nov26th
Ferrous Market – MySteel Rebar Inventory: Rebar production 3.60 million tonnes, up 0.03% w-o-w.Mills inventory 2.33 million tonnes, up 0.15% w-o-w. Circulation inventory 4.5 million tonnes, down 7.68% w-o-w. – Mongolia built a “green area” at the port to help the virus tests on coal truck drivers. Thus port operation became more efficient, however current …
DCE inches up on better winter demand
Iron ore futures rose slightly, after opening high at the afternoon session but only to slump toward the close. Hence, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up by 0.57% day-on-day to RMB 880/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange however, went down …
Iron Ore DCE January Daily Technical Review Nov 25th
Verdict – Short-term neutral. DCE iron ore Jan contract tested high two times during the trading day, however resisted by 892.0, which was 2 yuan from previous high. The two pick up both gave back all gains within half hour, indicating some short-run money speculating. Be aware of rebar jan, which had corrected three days by …
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Daily FerrousPhysical Review Nov25th
Ferrous Market – MySteel Australia and Brazil iron ore total delivery at 23.71 million tonnes, down 2.18 million tonnes w-o-w. Australia iron ore delivery 16.68 million tonnes, down 1.67 million tonnes w-o-w. Australia delivery to China 13.95 million tonnes, down 864,000 tonnes w-o-w. Brazil iron ore delivery 7.03 million tonnes, down 506,000 tonnes w-o-w. – Tangshan 32 mills daily production impacted by maintance …
DCE flattens over market uncertainty
Iron ore futures traded flat on the choppy trading session with bullish opening momentum, but only to ease toward afternoon closing session. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were flat day-on-day to RMB 876/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange then went …
FIS Weekly Ferrous Report 24/11/20
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DCE slides on lower steel prices
Iron ore futures went down on lower steel prices, following the slowdown in Chinese construction activities as winter approached. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.20% or RMB 10.50 day-on-day to RMB 867.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also …