Ferrous Daily Physical Review 10/2/21

Ferrous Market –    China Ministry of Information and Industry Technology: prohibit new steel making capacity by decrease both steel capacity and production in the year 2021. It was the first time the department mentioning about production control over the decade. –    Mongolia major coal export ports closed during Feb 11 – 14th. Ports reopen in …

Iron Ore DCE May Daily Technical Review 10/2/21

Verdict – Short-term neutral, be aware of reversal after Chinese New Year. DCE iron ore rebounded during the last few minutes due to long positions escaping during the last chance before a week long Chinese New Year holiday. The previous week rebound of iron ore was inline with metals rebound after a positive prediction of …