Monthly archives: November 2020

European Close 20/11/20

Iron ore had been looking vulnerable earlier in the week with the daily candles for the last 3 day’s closing higher but lacking any real momentum with the candles producing small bodies.   The technical aspect of the market looks like it could exhaust soon; however, rising steel prices, a small easing in the stockpiles and …

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Good restocking activities before winter season

A total of 2.68 million mt of iron ores was traded for the week ended Nov 20, nearly doubled week-on-week, as compared to 1.82 million mt recorded last week. The high transaction volume was attributed to active restocking activities that typically occurred at the second half of November ahead of the winter season. PBF had …

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