Category archives: News

Daily DCE Review 17/11/21

Iron ore futures rallied from previous trading day slump, but slipped at the close, amid bearish market sentiment on steel demand.   The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.01% day-on-day or down RMB 5.50 to RMB 538.50/mt, during the day trading session on Wednesday.   The rebar futures …

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Morning Tanker FFA Report 17/11/21

News Headlines:   Analysis: Will gasoline prices drop in 2022? It depends on OPEC and U.S. shale (Reuters) Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil …

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Iron Ore DCE Jan Daily Technical Review 17/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 consolidated in narrow range for the previous 11 trading days. Hourly MACD potentially create a gold cross below 0 axis. Hourly slow stochastic KD rebounded. The market has significant support arround 530.0 area. Short-run a push with volume potenially trigger a big round of oversold rebound. 5 …

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Morning Oil and Products Report 17/11/21

At 11:24 am Singapore time (0324 GMT), the ICE January Brent futures contract was down 63 cents/b (0.76%) from the previous close at $81.80/b, while the NYMEX December light sweet crude contract fell by 67 cents/b (0.83%) to $80.09/b.   API Crude +0.655m Gasoline -2.792m Distillate +107k   Data from the American Petroleum Institute industry …

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Daily Virtual Steel Mill Report 17/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         European statistic bureau: 19 member countries at Euro Zone economy growth rate up 3.75 compared to Q3 of last year, indicated a strong recover after the pandemic. ·         China and U.S. internet conference revealed a friendly signal of the trades and relations between the two countries …

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