Category archives: News

Iron Ore DCE May Daily Technical Review 3/3/21

Verdict – Short-term neutral. DCE iron ore movement were narrowing within the 90 yuan range from 1089.5- 1080.0. Open interest and volume both rebounded slightly. From hourly chart iron ore support moved higher from 1089.5 – 1117.5 – 1130.0. The major resistance on 1078.0- 1080.0. Iron ore from hourly chart created an ascending triangle. Thus, …

Continue reading “Iron Ore DCE May Daily Technical Review 3/3/21”

Ferrous Daily Physical Review 3/3/21

Ferrous Market –    Tangshan closed 7 blast furnaces(450m³) and set target to quit the low rank on air pollution level among 168 major inspected cities. China political conference started from today and market expect Hebei air pollution level would come down following historical rule. Tangsong indicated pig iron decrease by 11,500 tonnes/day. Current pig iron …

Continue reading “Ferrous Daily Physical Review 3/3/21”