Category archives: News

Daily DCE Review 26/4/21

Iron ore futures rallied to record high level due to robust steel demand and market concerns over extensions of output curbs to other Chinese provinces. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then jumped by 4.33% day-on-day or up RMB 47.50 to RMB 1,144.50/mt on Monday. The steel …

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Iron Ore DCE Sep Daily Technical Review 26/4/21

Verdict – Short-term neutral. DCE iron ore September contract flattened during the day session after a big spike on Friday night session. Hourly slow stochastic KD was flattening near overbought area. Hourly CCI corrected from 6 month high to above 100 area. Candles were indicating volatility are decreasing. Technical signals were indicating an exhaustion on …

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FIS Fuel Oil Morning Report 26/04/21

At 10:50 am Singapore time (0250 GMT), the ICE Brent June contract had slipped 8 cents/b (0.12%) from the April 23 settle at $66.03/b, while the June NYMEX light sweet crude contract was 2 cents/b (0.03%) higher at $62.16/b.   Coronavirus cases in India are continuing to rise and the story has dominated the news …

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