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 …

Daily Ferrous Physical Review Sep 10th

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.58 million tonnes, down 137,900 tonnes w-o-w. Mills inventory 4.88 million tonnes, down 126,400 tonnes w-o-w. Circulation inventory 11.47 million tonnes, up 37,200 tonnes w-o-w. –    MySteel Rebar Inventory: Rebar production 3.72 million tonnes, down 2.82% w-o-w. Mills inventory 3.58 million tonnes, down 2.35% w-o-w. Circulation inventory …

Iron Ore DCE January Daily Technical Review Sep 9th

Verdict – Short-term bearish. DCE iron ore correct during the day, the current three days created lower highs. Each trading day ended with long upper shadows, indicating the marginal power is diminishing for new buyers. Hourly MACD created lower dead cross. Hourly slow stochastic KD is also creating lower dead cross. Technical signals are indicating …

Daily Ferrous Physical Review Sep 9th

Ferrous Market –    Australia Walcott Pier #1&2, 5&6 maintenance total impact 990,000 tonnes of iron ore delivery this week. Geraldton Pier 5 potential decrease delivery because of sea wave. Brazil Tubarao, PDM total delivery impact arround 910,000 tonnes. –    MySteel 45 port iron ore arrivals at 23.99 million tonnes down 558,000 tonnes w-o-w. Northern 6 …

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 …

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 …

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 …