Monthly archives: November 2021

Oil and Products Morning Report 19/11/21

Oil & Products Morning Report     At 10:15 am Singapore time (0215 GMT), the ICE January Brent futures contract was up 40 cents/b (0.49%) from the previous close at $81.64/b, while the NYMEX December light sweet crude contract rose 37 cents/b (0.47%) at $79.38/b.   Since then, the ICE Brent and NYMEX light sweet …

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Ferrous trade weekly review 19/11/21

A total of 730,000 mt of iron ores was traded for the week ended Nov 19, as trades slowed down during the off-peak winter season. The near break even or negative margins were blamed for the low intake of iron ores, as some mills chose to reduce output voluntarily or go for maintenance period during …

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Iron Ore DCE Jan Daily Technical Review 19/11/21

Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …

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Daily Virtual Steel Mill Report 19/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         IMF indicated that supply chain disrupt potentially extend the expectation of inflation in some places of the world. ·         Major economies government revealed that they are currently researching on release crude oil. Previously U.S. indicated to coordinate to cool down global energy prices. Iron …

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Daily DCE Review 19/11/21

Iron ore futures rebounded from losses, as market were pushing for high levels despite negative steel margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.49% day-on-day or up RMB 13 to RMB 536/mt, during the day trading session on Friday. The rebar futures also inched up by 2.15% day-on-day …

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Daily Capesize Review 18/11/21

Capesize freight rates rebounded after recent selloff session, as more spot vessels had cleared out and thus setting up for a more balanced market. The Capesize 5 time charter average, then grew by $1,627 day-on-day to $27,033 on Thursday, after the paper market turned bullish and made some convincing gains. The Baltic Dry Index (BDI) …

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