Tag archives: IO

Ferrous Market –    DCE added BX Steel pelletizing fine, IOC6, Kumba and Ukraine pelletizing fine into deliverable brands. The increase on deliverable iron ores would decrease the market corner chances during and before delivery month. –    Ganggu Construction Steel Inventory: production 4.999 million tonnes, down 27,600 tonnes w-o-w. Mills inventory 5.91 million tonnes, up 345,600 …

Continue reading “Ferrous Daily Physical Review 28/1/21”

Verdict – Short-term bearish.   DCE iron ore corrected and breakdown two support above 1000. A breakdown further on 959.0 level would indicate a mid-run bearish created. The major correction was motivated by new short building positions. Hourly KD created dead cross early in this morning. CCI hourly created the lowest after Dec 29th, 2020. …

Continue reading “Iron Ore DCE May Daily Technical Review 28/1/21”

Ferrous Market –    China Iron ore 45 port arrivals at 24.37 million tonnes, down 2.998 million tonnes w-o-w. Northern six port arrivals at 11.35 million tonnes, down 4.25 million tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 19.77 million tonnes, down 1.57 million tonnes w-o-w. Australia iron ore delivery 14.02 million …

Continue reading “Ferrous Daily Physical Review 27/1/21”

Verdict – Short-term neutral to bearish.   DCE iron ore rebounded, however intra-day low broke the low in Jan 12th. The daily settlement price also created the lowest since Jan 12th. A breakdown on 1015.5 would potentially cause a breakdown on weak support at 1005.5, thus triggering a mid-run deep correction. A stand on this …

Continue reading “Iron Ore DCE May Daily Technical Review 27/1/21”