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Capesize December Morning Technical Comment – 240 Min – Remains Vulnerable Below USD 20,955

12 November 2019
Freight, Technical Reports

Capesize December Morning Technical Comment – 240 Min

Capesize Morning Technical Comment 12-11-19
Newer Post Iron Ore December Morning Technical Comment – 240 Min Continues to Remain Vulnerable Below USD 80.14 Older Post DCE shines on slight market clarity

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17h

#Steel margins following pattern of recent weeks with them now moving into negative territory to CNY -36. Mills can and do operate at negative levels for a time. Worth noting that the last time steel margins were at these levels DCE #Ironore was CNY 487 lower. #markets #facts

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