Futures Morning Brief | February 13, 2025 | Short-Term Volatility – Focus on Intraday Trades

Market Context

📉 Steel Weak, Iron Ore Strong:

• U.S. tariff impact priced in, but bullish steel sentiment remains subdued.
• Iron ore outperforms steel, creating a “strong ore, weak steel” divergence.

Key Drivers

🌪 Iron Ore Supply Shock:

• Australian cyclone disrupts exports, leading to rapid port inventory declines.
• Steel demand still uncertain as post-holiday construction activity remains unverified.
  📊 Thursday’s Mysteel data likely to be a key market driver.

Market Outlook & Strategy

🔄 Near-Term Range: 3270-3350

• Limited downside risks due to blast furnace losses and uncertain steel demand recovery.
• Iron ore strength provides temporary support to steel prices.

📌 Trading Strategy:
✅ Intraday trades preferred – volatility offers short-term opportunities.
✅ Set conditional orders around key levels.
📊 Short bias near 3350, long bias near 3270.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.