Monthly archives: January 2021

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.45 million tonnes, down 1.18% w-o-w. Mills inventory 2.76 million tonnes, up 6.27% w-o-w. Circulation inventory 4.25 milliontonnes, up 7.51% w-o-w. –    Fe Limited planed to ship JWD iron ore from the Q2 2021. The miner expected to start operation in Q1 2021. –    Brazil high silicon …

Continue reading “Daily Ferrous Physical Review 14/1/21”

Verdict – Short-term neutral.   DCE iron ore rebounded and resisted by major resistance at 1060. Be aware of cross day short-run trades, which happen few times from late December. A breakthrough on 1079.0 would bring iron ore back to bullish territory. Hourly MACD created gold cross and widened. Slow stochastic KD also created gold …

Continue reading “Iron Ore DCE May Daily Technical Review 14/1/21”