Ferrous Market – MySteel Rebar Inventory: Rebar production 3.73 million tonnes, up 0.29% w-o-w. Mills inventory 3.55 million tonnes, down 0.8% w-o-w. Circulation inventory 8.81 million tonnes, down 1.4% w-o-w. – Ganggu Construction Steel Inventory: production 5.58 million tonnes, down 3,300 tonnes w-o-w. Mills inventory 4.82 million tonnes, down 54,200 w-o-w. Circulation inventory 11.32 million …
Tag archives: IO62
DCE dips on easing of supply tightness
Iron ore futures dropped further after a market selloff on lower steel prices amid the easing of supply tightness. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 5.07% day-on-day to RMB 796.50 per tonne on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also followed the …
Iron Ore DCE January Daily Technical Review Sep 16th
Verdict – Short-term bearish. DCE iron ore correct over the second day with increasing volume and open interest, indicating new short positions are dominating the market in short-run. In mid-run, a breakdown on 808.0 level indicating mid-run bearish market. From hourly chart, slow stochastic KD deepened correcting. The first support is 777.5. The first resistance …
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Daily Ferrous Physical Review Sep 16th
Ferrous Market – Construction steel consumption is less than expectation in traditional building season in September. Trading volume is weaker compared to August. In addition, construction steel inventories are at historical high level. – Mysteel Australia and Brazil iron ore delivery at 26.34 million tonnes, up 2.59 million tonnes. Australia iron ore delivery 18.17 million …
DCE falls on narrowing steel margins
Iron ore futures fell on Tuesday due to market concerns over narrowing steel margins and high raw material costs. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.48% day-on-day to RMB 827.50 per tonne on Tuesday. Likewise, the steel rebar contract on the Shanghai Futures Exchange fell …
FIS Weekly Ferrous Report 15/9/20
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
DCE rebounds on better market outlook
Iron ore futures closed higher on Monday, rebounding from last week losses due to better market outlook. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.41% day-on-day to RMB 848.50 per tonne at start of the week. The steel rebar contract on the Shanghai Futures Exchange then bounced …
Iron Ore DCE January Daily Technical Review Sep 14th
Verdict – Short-term neutral. The major push of iron ore was by short covering by Friday night session. Iron ore was rejected below 848.0- 850.0 area for three times during the day. From hourly chart, MACD is narrowing above 0 axis. Slow stochastic KD is narrowing above overbought area. CCI correct from above 100 area …
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Daily Ferrous Physical Review Sep 14th
Ferrous Market – Steelbank Inventory: rebar inventories 7.45 million tonnes, down 2.23% w-o-w. HRC inventories 2.08 million tonnes, down 1.98% w-o-w. – The sintered iron ore production curb impact is limited observed from production data. Moreover the winter production curb potentially out in October. Spot lump and pellets growth are limited believed by some mills. …
A return for Australian medium grade fines
A total of 2.03 million mt of iron ores was exchanged hands for the week ended Sep 11, up 7.69% as compared to the 1.89 million mt recorded last week. Pilbara Blend fines (PBF) accounted almost half of the transacted trades for this week at 49%, lesser than the 57% of market share seen in …
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