Category archives: News

Iron Ore DCE May Daily Technical Review 19/2/21

Verdict – Short-term neutral. DCE iron ore corrected back after created new high since late December. The correction also trigger some divergence on market sentiment. A rejection on 1145.0- 1147.0 would indicate iron ore need more time to find the new direction. Hourly MACD dead cross below 0 axis. Hourly KD create dead cross above …

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Ferrous Daily Physical Review 19/2/21

Ferrous Market –    MySteel 45 ports iron ore inventories at 127.07 million tonnes, up 1.875 million tonnes w-o-w. Daily evacuation 2.85 million tonnes, down 431,600 tonnes w-o-w. Australia iron ore 59.97 million tonnes, up 1.48 million tonnes w-o-w. Brazil iron ore 44.43 million tonnes, up 845,000 million tonnes w-o-w. 115 ships at ports, down 54. …

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