Category archives: Products

Iron Ore DCE January Daily Technical Review Nov 30th

Verdict – Short-term neutral. DCE iron ore Jan contract created bigger volatility during the day compared to last week. Iron ore created new high however stayed less than 1 minute and pulled back. Iron ore potentially consolidate around 911.0-912.0 area. Hourly slow stochastic KD created dead cross on Nov 27th and Nov 30th. Technical signals …

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Daily FerrousPhysical Review Nov30th

Ferrous Market –    Steelbank: construction steel inventories 3.63 million tonnes, down 7.4% w-o-w. HRC inventories 1.45 million tonnes, down 8.42% w-o-w. –    Vale was approved to recover production in Serra Leste miner, expected total production 4-5 million tonnes in the year 2021, and reached 6 million of annual production in the year 2022. –    Tangshan …

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European Close 27-11-20

Iron ore continues to hold near its highs on the bullish sentiment from BHP earlier in the week. DCE futures produced a Doji star on the daily chart, signaling indecision is creeping into the market, warning that buyers and sellers are in balance.     Capesize futures closed the week lower after giving up Wednesday …

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