Category archives: News

Ferrous Daily Physical Review 20/1/21

Ferrous Market –    BHP Pilbara iron ore production 70.4 million tonnes, down 5% from Q3, up 3% y-o-y. Year 2020 iron ore production 288 million tonnes, up 6% y-o-y. Q4 sales 70.77 million tonnes, down 4% from Q3, up 2% y-o-y. Year 2020 sales 290 million tonnes, up 6% y-o-y. BHP fiscal year 2021 iron …

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Iron Ore DCE May Daily Technical Review 20/1/21

Verdict – Short-term neutral. DCE iron ore rebounded slightly from last closing with decreased volume. Iron ore still stuck in a consolidation range from 1035.5- 1084.5 area. Hourly MACD potentially create gold cross. Hourly slow stochastic KD was widening. Technical signals were neutral currently. The first support is 1035.5. The first resistance is 1084.5