China Wuxi Cobalt Index Weekly Technical Review 23/8/2021

Verdict – Short-term neutral to bullish. China Wuxi Cobalt slight rebound but in general maintained stable during the past week. However MACD is creating a gold cross. Daily slow stochastic KD created gold cross above oversold area. CCI rebounded fast to reach bullish area. A potential bottom area is created if Cobalt rebounded with volume …

Singapore Iron Ore Derivatives 20/08/21

Iron Ore Market Update   Market Commentary   Iron ore rebounded on Friday, but any gains were largely capped as concerns over faltering steel demand linger. Some market participants have likened the uptick to the minimal increase of steel inventories. According to the data published by Mysteel, steel inventories among Chinese steel mills had only …

ENGINE: Global Bunker Fuel Market Update 20/08/21

ENGINE: Global Market Update   Global bunker prices are moving in mixed directions today amid steady Brent values. Changes in the day to 08.00 GMT today:   VLSFO prices down in Singapore ($1/mt), steady in Rotterdam and Gibraltar and up in Fujairah ($1/mt) and Houston ($5/mt) LSMGO prices down in Singapore ($3/mt), Rotterdam ($2/mt) and …

Ferrous trade weekly review 20/8/21

A total of 950,000 mt of iron ores was traded for the week ended Aug 20, up 25% week-on-week, after a week of price corrections. Iron ore prices continued their correction phrase this week, to the extent of sharp drop to $130.20/mt under Platts assessment of the 62% Fe Iron Ore Index. During the week, …

Daily DCE Review 20/8/21

Iron ore futures inched up for slight gain at day session close, despite experiencing a good rebound at the morning session after a week of trading losses. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose slightly by 0.26% day-on-day or up RMB 2 to RMB 777.50/mt, during the day trading session …