Ferrous Market – China Iron ore 45 port arrivals at 24.37 million tonnes, down 2.998 million tonnes w-o-w. Northern six port arrivals at 11.35 million tonnes, down 4.25 million tonnes w-o-w. – MySteel Australia and Brazil iron ore total delivery at 19.77 million tonnes, down 1.57 million tonnes w-o-w. Australia iron ore delivery 14.02 million …
Tag archives: IO65
Iron Ore DCE May Daily Technical Review 27/1/21
Verdict – Short-term neutral to bearish. DCE iron ore rebounded, however intra-day low broke the low in Jan 12th. The daily settlement price also created the lowest since Jan 12th. A breakdown on 1015.5 would potentially cause a breakdown on weak support at 1005.5, thus triggering a mid-run deep correction. A stand on this …
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FIS Weekly Ferrous Report 26/1/2021
Market Summary： Steel: – The speculators used to long U.S. linked commodities and short CNY linked commodities come to an end as currency become less sensitive to stimulus plan. Construction steel trading volume dropped by 50% from late December 200,000 tonnes to 100,000 tonnes by end of January. Steel bank construction steel inventories up 17.31% …
Ferrous Daily Physical Review 25/1/21
Ferrous Market – Steelbank construction steels inventory 2.8896 million tonnes, up 17.31% w-o-w. HRC inventories 1.8673 million tonnes, up 0.28% w-o-w. – Hebei steel mills indicated the pandemic spread in Hebei recently caused the road transportation cost up 15% -50%. – Bureau of Meterology in Australia indicated the Hurricane previously decreaed to a normal wind …
Iron Ore DCE May Daily Technical Review 25/1/21
Verdict – Short-term neutral to bearish. DCE iron ore flattened as last Friday however settlement price went down 13.5 yuan, indicating average iron ore trading price went lower. The daily low refreshed last low at Jan 14th. Hourly MACD was flattening. Hourly CCI entered a bearish tunnel. Hourly high moved down from 1083-1073-1061. A rejection …
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Ferrous Daily Physical Review 22/1/21
Ferrous Market – MySteel 45 ports iron ore inventories at 124.38 million tonnes, up 263,300 tonnes w-o-w. Daily evacuation 3.1876 million tonnes, up 222,600 tonnes w-o-w. Australia iron ore 57.55 million tonnes, down 1.14 million tonnes w-o-w. Brazil iron ore 43.599 million tonnes, up 1.66 million tonnes w-o-w. 178 ships at ports, up 6. – …
Iron Ore DCE May Daily Technical Review 22/1/21
Verdict – Short-term neutral to bearish DCE iron ore corrected during the day and iron ore had entered a narrower consolidation range since the first day of January. Major range in 1035.5- 1084.5. Hourly MACD dead cross. Hourly slow stochastic KD created dead cross below overbought area. CCI slumped from monthly high to weak area …
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Ferrous Daily Physical Review 21/1/21
Ferrous Market – MySteel Rebar Inventory: Rebar production 3.445 million tonnes, down 0.25% w-o-w. Mills inventory 2.89 million tonnes, up 4.61% w-o-w. Circulation inventory 4.80 million tonnes, up 12.98% w-o-w. – Ganggu Construction Steel Inventory: production 5.03 million tonnes, down 91,800 tonnes w-o-w. Mills inventory 5.56 million tonnes, up 293,900 tonnes w-o-w. Circulation inventory 6.83 …
Iron Ore DCE May Daily Technical Review 21/1/21
Verdict – Short-term neutral. DCE iron ore rebounded and closed slight higher than yesterday. The intra-day high still had some distance to next resistance at 1084.5. Iron ore consolidated within a narrower range after the beginning of Jan. Hourly MACD created gold cross. Hourly CCI created new high after Jan 7th. Technical signals were indicating …
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Ferrous Daily Physical Review 20/1/21
Ferrous Market – BHP Pilbara iron ore production 70.4 million tonnes, down 5% from Q3, up 3% y-o-y. Year 2020 iron ore production 288 million tonnes, up 6% y-o-y. Q4 sales 70.77 million tonnes, down 4% from Q3, up 2% y-o-y. Year 2020 sales 290 million tonnes, up 6% y-o-y. BHP fiscal year 2021 iron …