Ferrous Market – Ganggu Construction Steel Inventory: production 5.53 million tonnes, down 49,300 tonnes w-o-w. Mills inventory 4.86 million tonnes, up 34,800 tonnes w-o-w. Circulation inventory 11.17 million tonnes, up 143,200 tonnes w-o-w. – MySteel Rebar Inventory: Rebar production 3.76 million tonnes, up 1.03% w-o-w. Mills inventory 3.51 million tonnes, down 1.08% w-o-w. …
Tag archives: IO65
Iron Ore DCE January Daily Technical Review Sep 17th
Verdict – Short-term bearish. DCE iron corrected in narrower range during the day, intra-day low was supported by 783.5, 60 day moving average. Breaking down 777.5- 783.5 area would suggest iron ore entering a long-run bearish market. Otherwise iron ore follow a cyclely correction in weekly level. Iron ore did not test high at all …
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Daily Ferrous Physical Review Sep 17th
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 …
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 …
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
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. …
Daily Ferrous Physical Review Sep 11th
Ferrous Market – MySteel 45 ports iron ore inventory at 114.56 million tonnes, up 824,600 tonnes w-o-w. Daily evacuation 3.14 million tonnes down 117,200 tonnes w-o-w. Australia iron ore on ports at 57.79 million tonnes down 1.13 million tonnes w-o-w. Brazil iron ore on ports at 30.31 million tonnes up 280,300 tonnes w-o-w. 165 ships …
Iron Ore DCE January Daily Technical Review Sep 10th
Verdict – Short-term bearish. Maintain short-run bearish during this week. Iron ore created many long upper shadow candles, indicating majority of new buyers are intra-day traders, versus most sellers are holding longer period of time. The resistance level was the high of each trading day. From hourly chart, slow stochastic KD created cyclical low. MACD …
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