Category archives: News

Iron Ore DCE Sep Daily Technical Review 8/7/21

Verdict – Short-term neutral to bearish. DCE iron ore September rejected below previous high at 1252.0 level. From hourly chart, the iron ore was also rejected by 1204.0 level, which was close to a neckline of a double top pattern. The price movement and candle pattern were indicating iron ore price entered a corrective phase. …

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Daily Virtual Steel Mill Report 8/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China Prime Minister held a conference to facilitate RRR cuts focusing on decrease cost for mid-small capital enterprises. The RRR cuts were not related to a general loose on money supply. ·         According to the National Development of Reform Commission’s “14th five year” …

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ENGINE: East of Suez Bunker Fuel Market Update 7/721

East of Suez Bunker Fuel Market Update East of Suez bunker prices are sharply down with Brent on the day, erasing yesterday’s gains.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Singapore ($21/mt), Fujairah ($20/mt) and Zhoushan ($19/mt) LSMGO prices down in Fujairah ($29/mt), Zhoushan ($24/mt) and Singapore …

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