Monthly archives: June 2021

FIS Singapore Iron Ore Derivatives Report 21/06/21

Iron Ore Market Update Market Commentary Iron ore futures sank below $200 on Monday after regulators in China vowed to take actions to stabilize the prices of iron ore and other commodities. During a visit at an iron ore trading centre on Monday, officials from the National Development and Reform Commission and the State Administration …

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Daily DCE Review 21/6/21

Iron ore futures started the week on soft note, due to corrections in steel prices that dampened market sentiments. The futures of Dalian Commodity Exchange (DCE) for September delivery then plunged down by 8.79% day-on-day or down RMB 108 to RMB 1,121/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also went …

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Iron Ore DCE Sep Daily Technical Review 21/6/21

Verdict – Short-term bearish. DCE iron ore September contract corrected as previously expected. A further breakdown on 1106.0 potentially drive down the price to 985.0 level, which was the lowest since April 12th. Daily MACD created dead cross. Daily CCI created roof area from the second week of June and then leaked to a bearish …

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Daily Virtual Steel Mill Report 21/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         U.S. 10 year treasury bonds yield corrected to 1.425%, which was a new low from March, 2021. ·         On June 18th, China PM Li Keqiang held a conference to conduct a decrease on mid-small capital enterprises fees and tax, to decrease the upstream …

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Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …

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FIS Fuel Oil Morning Report 21/06/2021

At 11:28 am Singapore time (0328 GMT), the ICE August Brent futures contract was up 47 cents/b (0.64%) from the previous settle at $73.98/b, while the NYMEX WTI July light sweet crude contract was up 55 cents/b (0.77%) at $72.19/b.   News over the weekend saw Iraq state news agency report that oil would reach …

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