Brent crude futures for August settled up 93 cents, or 1.3%, to $70.25 a barrel after hitting $71 earlier in the session – its highest intra-day price since March 8. U.S. West Texas Intermediate crude for July was up $1.40, or 2.1%, to $67.72. As widely expected OPEC+ confirmed yesterday that they will go ahead …
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Iron Ore DCE Sep Daily Technical Review 2/6/21
Verdict – Short-term neutral. DCE iron ore September contract tested high and corrected to very close level as yesterday. Hourly MACD narrowed. Hourly slow stochastic KD created dead cross near overbought area in previous hours. CCI retreated from bullish area. Hourly candles flattened. However technical signals were indicating a neutral with potential to test low. …
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Daily Virtual Steel Mill Report 2/6/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The China Market Supervision Agency said will closely track the volatility of commodity prices, strengthen pre-risk analysis, regularly monitors the trend of iron ore, steel, coal, crude oil and other commodity prices, create weekly analysis reports, and implement effective supervision. · China May …
Fertilizer Financial Markets Commentary/Curves 01/06/21
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Supramax & Handysize FFA Daily Report 01/06/21
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Capesize & Panamax FFA Daily Report 01/06/21
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London Coking Coal Market Report 01/06/21
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Fuel Oil Daily Evening Report 01/06/21
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London Iron Ore Market Report 01/06/21
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Daily DCE Review 1/6/21
Iron ore futures continued its bullish run after finding supports in possible easing of output cut in Tangshan and positive economic data from China. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 7.29% on-day or up RMB 79.50 to RMB 1,169.50/mt on Tuesday. The steel rebar contract on the Shanghai …