Category archives: News

Iron Ore DCE Jan Daily Technical Review 15/11/21

Verdict – Short-term neutral.   DCE iron ore Jan22 created a doji during the day with no significant direction. Short-run resistance fell on 560.0 – 561.0 area. Short-run support on 532.0 area which created a very fast rebound. Houlry MACD exhausted above 0 axis and became neutral. Hourly CCI fell to bearish boundary. Short-run technicals …

Continue reading “Iron Ore DCE Jan Daily Technical Review 15/11/21”

Daily Virtual Steel Mill Report 15/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China  Ministry of Foreign Affairs spokesperson Hua Chunying announced that China Chairman Xi will hold a internet conference with U.S. president Biden. Market understand as a step forward and ease of the two countries. ·         21 China cities published a price floor on houses to avoid …

Continue reading “Daily Virtual Steel Mill Report 15/11/21”

Morning Oil and Products Report 15/11/21

At 10:12 am Singapore time (0212 GMT), the ICE January Brent futures contract was down 49 cents/b (0.60%) from the previous close at $81.68/b, while the NYMEX December light sweet crude contract fell 39 cents/b (0.48%) to $80.40/b.   The latest inflation prints could also bring forward the US Federal Reserve’s plans to tighten its …

Continue reading “Morning Oil and Products Report 15/11/21”

Morning Tanker FFA Report 15/11/21

News Headlines:   ASIA-AMERICAS FUEL: November Shipments Jump On Jet Fuel Pick-Up (Bloomberg) November-loading shipments of clean fuels from Asia to the Americas rose to 295k tons as of Monday, from 105k tons a week earlier, according to data compiled by Bloomberg. * Five cargoes were booked on the route last week, including two alkylate and …

Continue reading “Morning Tanker FFA Report 15/11/21”

Daily DCE Review 15/11/21

Iron ore futures dropped on the day session, following market bearish sentiment on falling steel prices and thin margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.53% day-on-day or down RMB 14 to RMB 539/mt, during the day trading session on Monday. The rebar futures also slipped by 4.54% …

Continue reading “Daily DCE Review 15/11/21”