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Tag archives: IO62
DCE inches up despite lower China’s monthly imports
Iron ore futures rose slightly on Monday, despite China’s economic data showing a dip in iron ore imports during August. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up slightly by 0.29% day-on-day to RMB 851.50 per tonne after a late rebound session following the selloff at day opening. …
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Iron Ore DCE January Daily Technical Review Sep 7th
Verdict – Short-term neutral. DCE iron ore Jan contract tested 874.0 area for the third time during current three weeks and rejected to close with a long upper shadow, indicating the short-run push ended. From short-run, a breakdown on 808.0 area would indicate entering mid-run correction and create a roof area. However a return to …
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Daily Ferrous Physical Review Sep 7th
Ferrous Market – Asian traders believed iron ore exports from both Brazil and Australia will boost in Q4 according to seasonal pattern, in particular after Australia finished port overhaul in September. – Both southern and northern ports showed interest to buy Yandi fines because of better cost and effective sinterability. – Lump furnace input ratio …
Medium grade fines come back to the fold
A total of 1.885 million mt of iron ore was exchanged hands for the week ended Sep 4, an increase of 52.37% as compared to the 1.237 million mt recorded last week. Medium grade fines like Pilbara Blend fines (PBF) accounted over half of the transacted trades for this week at 57%, as compared to …
DCE pullbacks amid steel demand recovery
Iron ore futures closed on negative region on Friday, after much rally throughout the week. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange suffered a pullback, dipping 1.45% or RMB 12.50 day-on-day to RMB 850 per tonne on Friday. Similarly, the steel rebar contract on the Shanghai Futures Exchange faced …
Iron Ore DCE January Daily Technical Review Sep 4th
Verdict – Short-term neutral. DCE iron ore Jan tanked low at the end of night session and recovered slightly during the day. The last three hour candles ended with doji, indicating previous correction exhausted and market return to neutral in short-run again. Open interest keep at similar level, most of trades are changing hands. However …
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Daily Ferrous Physical Review Sep 4th
Ferrous Market – Mysteel 45 ports iron ores inventory 113.74 million tonnes, up 635,100 tonnes w-o-w. Daily evacuation 3.256 million tonnes, up 148,900 tonnes w-o-w. Austrilian iron ores inventory 56.66 million tonnes, down 691,600 tonnes w-o-w. Brazil iron ores inventory 30.03 million tonnes, up 227,000 tonnes w-o-w. 169 ships at ports down 19 w-o-w. – …
Oil and Ore Intraday Morning Technical 3/9/20
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DCE inches up amid stable mills’ stocks
Iron ore futures continued to rise throughout the week on good steel demand from China amid peak construction season. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose slightly by 0.88% or RMB 7.50 day-on-day to RMB 857.50 per tonne on Thursday. Likewise, the steel rebar contract on the Shanghai …