Category archives: News

FIS Singapore Iron Ore Derivatives Report 18/06/21

Iron Ore Market Update Market Commentary Iron ore futures crumbled on Friday as China stepped up efforts to rein in emissions. Prices of ferrous metals all fell sharply after it was reported that the Chinese government has ordered nine groups – consisting of officials from different cabinet ministries plus an industry body to visit all …

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Ferrous trade weekly review 18/6/21

A total of 1.106 million mt of iron ores was traded for the week ended Jun 18, amid extended output curb in Tangshan and improving steel margins. According to Platts, the Chinese domestic hot-rolled coil and rebar sales profit margins averaged to decent range of $155/mt and $149/mt over June 1-15, respectively, though lower than …

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Daily DCE Review 18/6/21

Iron ore futures closed the day session in slight dip, after seeing rally in morning session over market concerns over supply tightness in port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped slightly by 0.17% on-day or down RMB 2 to RMB 1,203/mt on Friday. The steel rebar contract on …

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Daily Capesize Review 17/6/21

Capesize freight rates maintained upward momentum despite the physical market taking a break in the bullrun. The Capesize 5 time charter average, then rose by $1,672 day-on-day to $34,930 on Thursday, as market fundamentals improved in both basins. The Baltic Dry Index (BDI) then rallied by 2.87% on-day, up 91 points to 3,267 readings on …

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