Tag archives: iron ore

Ferrous Market –    Mysteel 45 ports iron ores inventory 113.74 million tonnes, up 635,100 tonnes w-o-w. Daily evacuation 3.256 million tonnes, up 148,900 tonnes w-o-w. Austrilian iron ores inventory 56.66 million tonnes, down 691,600 tonnes w-o-w. Brazil iron ores inventory 30.03 million tonnes, up 227,000 tonnes w-o-w. 169 ships at ports down 19 w-o-w. –    …

Continue reading “Daily Ferrous Physical Review Sep 4th”

Verdict – Short-term neutral. DCE iron ore Jan closed with a doji, indicating a severe exhaustion after a round of push. The open interest and volume both up indicating confliction between long and short positions. DCE iron ore September is pegged with physical and stable arround 935- 940.0 area, which potentially restrict Jan on roof …

Continue reading “Iron Ore DCE January Daily Technical Review Sep 3rd”

Ferrous Market –    Vale started a level-1(lowest level) emergency protocol for Paracatu and Patrimonio dikes. The preventive measure doesn’t require the evacuation of the population and non impact Vale’s 2020 output. –    Mysteel 64 sample steel mills seaborne sintered iron ore inventory 16.53 million tonnes. Seaborne iron ore turnover in 24 days. –    Ganggu Construction …

Continue reading “Daily Ferrous Physical Review Sep 3rd”

Verdict – Short-term neutral. DCE iron ore pushed with increasing new open long positions. However daily high is rejected by yesterday high at 859.5. The 840.5 was a strong support area observed during this week. Short run iron ore needs to breakthrough the consolidation box from 808.0- 859.5, otherwise potentially consolidating currently. The return to …

Continue reading “Iron Ore DCE January Daily Technical Review Sep 2nd”

Ferrous Market –    Mysteel surveyed Australia port overhaul potentially impact 1.37 million tonnes of delivery. In addition, Geraldton No.5 port delivery is impacted by sea wave. –    Tangshan Fengrun area execute environment production curb from September 1st to 15th,  majorly restricting blast furnace, steel-making and rolling mills. –    MySteel 45 ports iron ore arrived 24.55 …

Continue reading “Daily Ferrous Physical Review Sep 2nd”

Verdict – Short-term neutral. DCE iron ore September decreased positions massively since this is the last trading day for individual clients before entering delivery month at sep contract. The fall of September contract indicated there is no delivery profits for September buyers after market pushed high earlier today. At the same time, jan contract is …

Continue reading “Iron Ore DCE January Daily Technical Review Aug 31st”

Ferrous Market –    China August Manufacture PMI 51.0, est. 51.2, last 51.1. –    Tangshan execute environment production restriction on August 31st, the third environment curb over past two weeks. Physical steels push up significantly after hearing the curb. Northern ports operation are impacted by typhoon weather over weekends and expected to recover on Tuesday after …

Continue reading “Daily Ferrous Physical Review Aug 31st”

Verdict – Short-term neutral. DCE iron ore followed the rebound of shanghai equity, which has corrected over the entire week. Be aware of short-run money game since the volume boost up in some typical time spots of scalpers, for example, Asian opening, before T-break and after Afternoon starts. Iron ore September contract push up more, …

Continue reading “Iron Ore DCE January Daily Technical Review Aug 28th”

Ferrous Market –    MySteel 45 ports iron ore inventory at 113.1 million tonnes, up 687,600 tonnes w-o-w. Daily evacuation 3.11 million tonnes down 167,000 tonnes w-o-w. Australia iron ore on ports at 57.35 million tonnes down 504,700 tonnes w-o-w. Brazil iron ore on ports at 29.80 million tonnes up 1.35 million tonnes w-o-w. 188 ships …

Continue reading “Daily Ferrous Physical Review Aug 28th”