Tag archives: IO

Iron Ore DCE January Daily Technical Review Nov 16th

Verdict – Short-term neutral. DCE iron ore Jan contract volatility increased and the high low range expanded compared to last Friday. A rejection on 850.0 would stuck iron ore in 819.5-850.0 in short-run. However a breakthrough on 850.0 would potentially trigger a new round of rebound. Hourly MACD potentially create a gold cross. Technical signals …

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Daily Ferrous Physical Review Nov 16th

Ferrous Market –    Steelbank: construction steel inventory 4.49 million tonnes, down 12.91% w-o-w. HRC inventory 1.67 million tonnes, down 14.44% w-o-w. –    China October crude steel production 92.2 million tonnes, up 12.7 y-o-y. Jan – Oct crude steel production 873.93 million tonnes, up 5.5% y-o-y. –    China Ministry of Industrial and Information Technology researcher indicated …

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European Close 13/11/20

Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …

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