FIS Singapore Iron Ore Derivatives Report 10/06/21

Market Commentary Iron ore futures advanced on optimism that China’s steel output will stay elevated for the rest of the year. China’s steel demand is expected to ease off as the nation enters its rainy season. The latest rebar inventory data seemed to confirm that demand in China is slowing down. Rebar production was down …

Daily DCE Review 10/6/21

Iron ore futures booked a slight gain after a volatile market session, amid market sentiment of lower steel demand during rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.68% on-day or up RMB 8 to RMB 1,178/mt on Thursday. The steel rebar contract on the Shanghai Futures …

Daily Capesize Review 9/6/21

Capesize freight rates rebounded with a much-improved Pacific market, though the Atlantic basins remained sluggish with oversupply of tonnage. The Capesize 5 time charter average, then inched up by $787 day-on-day to $20,632 on Wednesday, amid better market outlook. The Baltic Dry Index (BDI) posted gains of 2.52% or 61 points on-day to 2,481 readings, …