Tag archives: IO65

Ferrous Market –    China Iron ore 45 port arrivals(Nov 23-29th) at 22.05 million tonnes, down 1.02 million tonnes w-o-w. Northern six port arrivals at 10.96 million tonnes, down 938,000 million tonnes w-o-w. –    Mysteel researched Nov 30- Dec 6th Australia iron ore port maintainance impact iron ore delivery arround 1.001 million tonnes. –    Ganggu Construction …

Continue reading “Daily Ferrous Physical Review Dec 2nd”

Verdict – Short-term neutral. DCE iron ore Jan contract created bigger volatility during the day compared to last week. Iron ore created new high however stayed less than 1 minute and pulled back. Iron ore potentially consolidate around 911.0-912.0 area. Hourly slow stochastic KD created dead cross on Nov 27th and Nov 30th. Technical signals …

Continue reading “Iron Ore DCE January Daily Technical Review Nov 30th”

Ferrous Market –    Steelbank: construction steel inventories 3.63 million tonnes, down 7.4% w-o-w. HRC inventories 1.45 million tonnes, down 8.42% w-o-w. –    Vale was approved to recover production in Serra Leste miner, expected total production 4-5 million tonnes in the year 2021, and reached 6 million of annual production in the year 2022. –    Tangshan …

Continue reading “Daily FerrousPhysical Review Nov30th”

Verdict – Short-term neutral. DCE iron ore Jan contract created historic high overnight and however lose most of the intra-day gains during the Asian day session. Jan long positions were rolling to May which caused a quick narrow on Jan-May. From hourly chart, MACD is narrowing. Slow stochastic KD created dead cross before noon. CCI …

Continue reading “Iron Ore DCE January Daily Technical Review Nov 27th”

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 …

Continue reading “Daily FerrousPhysical Review Nov27th”

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 …

Continue reading “Iron Ore DCE January Daily Technical Review Nov 26th”

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 …

Continue reading “Daily FerrousPhysical Review Nov26th”

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 …

Continue reading “Iron Ore DCE January Daily Technical Review Nov 25th”

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 …

Continue reading “Daily FerrousPhysical Review Nov25th”