Monthly archives: December 2020

Daily Ferrous Physical Review Dec 18/12/20

Ferrous Market –    MySteel 45 ports iron ore inventories at 124.04 million tonnes, up 2.01 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 89,900 tonnes w-o-w. Australia iron ore 58.27 million tonnes, up 265,000 tonnes w-o-w. Brazil iron ore 41.26 million tonnes, up 587,500 tonnes w-o-w. 137 ships at ports, up 28. –    Mysteel …

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Iron Ore DCE May Daily Technical Review Dec 18/12/20

Verdict – Short-term neutral to bullish, be aware of reversal on high area.   DCE iron ore May refreshed historical high and pick up significantly during the last half hour, indicating massive sellers left. Short squeezing increased pressure on short positions. From hourly chart, MACD increased fast. Hourly slow stochastic KD moved above overbought area. …

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