Monthly archives: February 2021

Iron Ore DCE May Daily Technical Review 8/2/21

Verdict – Short-term neutral. DCE iron ore rebounded significantly during the morning, however last three hours consolidated. Both open interest and volume decreased compared to last Friday. Hourly KD flattened on the overbought area. Hourly MACD potentially create dead cross with current price. Technical signals indicated iron ore exhausted and be aware of reversal. The …

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Ferrous Daily Physical Review 8/2/21

Ferrous Market –    Russia Miner Metalloinvest Q4 production 10.07 million tonnes, down 1% from Q3. Year 2020 total production 40.43 million tonnes, up 0.5% y-o-y. Q4 iron ore delivery 2.14 million tonnes, down 8.1% from Q3. –    Steelbank construction steels inventory 6.19 million tonnes, up 28.68% w-o-w. HRC inventories 2.257 million tonnes, up 15.01% w-o-w. …

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