Monthly archives: May 2021

Iron Ore DCE Sep Daily Technical Review 26/5/21

Verdict – Short-term bearish. DCE iron ore September contract corrected significantly during the day. Hourly MACD created dead cross. Hourly CCI dropped from the highest since May 18th to the lowest of the year. Currently iron ore price drop along with new short position, indicating a continuous correction. The first support is 964.5, the first …

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Daily Virtual Steel Mill Report 26/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         China top economic planning to rein in abnormal fluctuations in commodities price including iron ore, copper, and corn, which was part of broader five-year plan to overhaul various pricing mechanisms. ·         On May 25, CNY against the US dollar mid-rate was 6.4283, up …

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FIS Fuel Oil Morning Report 26/05/21

Brent crude oil futures for July fell 6 cents, or 0.1%, to $68.59 a barrel by 0434 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $65.92 a barrel, down 15 cents, or 0.2%.   U.S. crude oil and fuel inventories fell last week, said two market sources, citing Tuesday’s American Petroleum …

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FIS Morning Report Tanker FFA 25-05-21

News Headlines: OIL DAYBOOK EUROPE: China Set to Buy More Russian Crude; Iran (Bloomberg) China’s growing appetite for oil is poised to lure crude from Russia’s western ports after a months’-long slump as the cargoes once again compete with Middle East supplies favored by Asia’s refineries.     Three Tanker Stocks Upgraded as Evercore ISI …

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