Category archives: Products

Daily Ferrous Physical Review Dec 23rd

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.31 million tonnes, up 40,100 tonnes w-o-w. Mills inventory 4.46 million tonnes, up 47,800 tonnes w-o-w. Circulation inventory 5.58 million tonnes, down 92,600 tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 25.17 million tonnes, up 2.45 million tonnes w-o-w. Australia iron ore delivery …

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Iron Ore DCE May Daily Technical Review Dec 23rd

Verdict – Short-term neutral to bearish. DCE iron ore decreased total 10% open interest from Tuesday and Wednesday. From hourly candles, iron ore potentially created a roof area and face mid-run level reversal from peak area. Hourly MACD was narrowing below 0 axis. Hourly candles were continuously decreasing the volatility. Hourly slow stochastic KD created …

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