Monthly archives: July 2021

Iron Ore DCE Sep Daily Technical Review 12/7/21

Verdict – Short-term neutral. DCE iron ore September started to give back gains created by last Friday night session. The next session iron ore is facing correction risk. Hourly MACD created gold cross. Hourly CCI created a periodic rebound from July 8th. Hourly slow stochastic KD created gold cross and accelerated on the rebound. Technical …

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Daily Virtual Steel Mill Report 12/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China central bank PBOC decrease RRR by 0.5% on July 15th, an equivalent of 1 trillion yuan. However PBOC strategy commissioner said the RRR cut was neutralizing the maturity of MLF, the entire liquidity system was balanced and stable. ·         A spokesman for …

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FIS Fuel Oil Morning Report 12/07/21

At 10:30 am Singapore time (0230 GMT), the ICE September Brent futures contract was down 11 cents/b (0.15%) from the previous close at $75.44/b while the NYMEX August light sweet crude contract was down 8 cents/b (0.11%) at $74.48/b.   After failing to ratify production increases from the rest of the year, the OPEC group …

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FIS Morning Report Tanker FFA 12-07-2021

News Headlines: OIL DAYBOOK EUROPE: Saudis Offer Full Crude Supply to 5 in Asia (Bloomberg) Saudi Aramco offered full contractual supply of crude oil to at least five refiners in Asia for August, according to refinery officials & Oil Steadies as Investors Eye Rising Demand.     Volumes of Floating LSFO Near Singapore Decline 18% …

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