Category archives: Ferrous
Iron Ore DCE September Daily Technical Review Jul 13th
Verdict – Short-term neutral to bullish. DCE iron ore rebounded and saw massive short covering during Asian hours. Daily candle successfully created new high and led iron ore to bullish territory in mid-run. However from hourly chart, slow stochastic KD is narrowing above over-bought area. CCI is correcting to 100 area from the weekly high. …
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Daily Ferrous Physical Review Jul 13th
Ferrous Market Updates – Steelbank Inventory: rebar inventories 9.98 million tonnes, up 16.11% w-o-w. HRC 3.47 million tonnes, up 21.45%. – Mysteel early July crude steel production expected 2.93 million tonnes/daily, down 0.64% from end-June. – Brazil Miners Association president Flavio Penido said Brazil can run all iron ore miners and recover the production. Mining …
London Iron Ore Market Report
Crash, Bang, Recovery
It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal. Debt …
Iron Ore DCE September Daily Technical Review Jul 10th
Verdict – Short-term neutral, be aware of high level long covering. DCE iron ore closed at 1.5 yuan higher than yesterday. The intra-day volume and open interest were both closed to yesterday level. From hourly chart, CCI start to correct. MACD created dead cross during last night session and widening below 0 axis. Technical signals …
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London Iron Ore Market Report
Derivative Fact Sheet
Crash, Bang, Recovery
It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal. …
