Tag archives: IO62
DCE hits almost one year high on better market outlook
Chinese futures rallied throughout the week and reached almost a one-year high, upon market optimism. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 8 or 1.02% day-on-day to RMB 789 per tonne, a 11-month high on Thursday. Likewise, the steel rebar contract on the Shanghai …
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Daily Ferrous Physical Review Jul 10th
Ferrous Market Updates – Mysteel researched 247 blast furnace operation rate at 90.63%, down 0.39% w-o-w. Utilisation rate 93.08%, down 2.27% w-o-w. Daily pig iron production 2.48 million tonnes, down 7,200 tonnes w-o-w. – Mysteel 45 ports iron ores inventory 108.78 million tonnes, up 693,300 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 6,000 tonnes …
Daily Ferrrous Physical Review Jul 9th
Ferrous Market Updates – Both port trades and seaborne trades are traded lower yesterday. Some physical traders are reluctant to accept the high price. From the other side, Australia has boost volume during the last month of the fiscal year. – MySteel Rebar Inventory: Rebar production 3.89 million tonnes, down 2.99% w-o-w. Mills inventory 3.41 …
FIS Daily Physical Review Jul 8th
Ferrous Market Updates – Major mid-grade iron ores are seeing few weeks of tight supply. However some physical traders expect the supply will recover due to June shipments increase may reflect on July arrivals. Many ships congested in ports. – Tangshan production curb only restricted on sintered machines, however no impact on blast furnace. – …
FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level
Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …
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DCE rises amid mixed outlook
Chinese futures continued to rally for the second consecutive day despite mixed market outlook over steel demand and tight supply during summer season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 20 or 2.68% day-on-day to RMB 767 per tonne on Tuesday. Following the iron …
Ferrous Weekly Report 07072020
Oil and Ore Intraday Morning Technical
DCE ends high on market optimism
Chinese futures rose on the opening day of the week, due to bullish market sentiment and concerns over supply tightness. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 6.50 or 0.87% day-on-day to RMB 750.50 per tonne on Monday. Similarly, the steel rebar …