Iron ore futures dipped at the start of the week, after a sluggish trading session with flat steel prices movement and expectation of more production curbs. The futures of Dalian Commodity Exchange (DCE) for September delivery then went down by 1.49% day-on-day or RMB 18.50 to RMB 1,225/mt during the day trading session on Monday. …
Monthly archives: July 2021
Freight Morning Technical 19/07/21
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Steel & Scrap Morning Report 19/07/17
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Iron Ore DCE Sep Daily Technical Review 19/7/21
Verdict – Short-term neutral. DCE iron ore September tested low at important support area around 1209.0 and bounced back. Hourly slow stochastic KD potential to create gold cross. Hourly MACD potential to flatten below 0 axis. CCI created a rebound from bearish area. Technical signals were indicating neutral. The first support is 1209.0, the first …
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Daily Virtual Steel Mill Report 19/7/21
Market Verdict on Iron Ore: · Iron ore short-run neutral. Macro · The Ministry of industry and information technology will cooperate with relevant departments to ensure the supply and price stability of bulk commodities, coordinate to deal with the risk of market price fluctuation, and resolutely crack down on hoarding, malicious speculation, and bid up …
Daily Capesize Review 16/7/21
Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …
Base Morning Intraday Note 19/07/21
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FIS Fuel Oil Morning Report 19/07/21
At 10:53 am Singapore time (0253 GMT), the ICE September Brent futures contract was down $1.20/b (1.63%) from the previous close at $72.39/b, while the NYMEX August light sweet crude contract was down $1.14/b (1.59%) at $70.67/b. A melange of factors including a deal made by OPEC+ to increase supply as well as increasing …
ENGINE: Americas Bunker Fuel Market Update 16/7/21
Bunker values have edged up in several major ports in the Americas following massive drops in the previous session, and prices are on track for sharp losses on the week. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($9/mt), New York ($8/mt), Zona Comun ($6/mt), Balboa and …
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Fertilizer Derivatives End of Day Report 19/07/21
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