Category archives: News

Daily DCE Review 8/2/21

Iron ore futures started the week on bullish rally, due to market optimism over the post-Lunar New Year demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then jumped by 2.90% day-on-day or RMB 29 to RMB 1,028/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also rose …

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FIS Fuel Oil Morning Report 08/02/2021

Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.98 by 0537 GMT, up 64 cents, or 1.1%. U.S. West Texas Intermediate crude futures for March advanced 65 cents, or 1.1%, to $57.50 a barrel, the highest since January last year. …

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Daily Capesize Review 5/2/21

Capesize freight rates remained under pressure as Chinese trade participants prepared for Lunar New Year celebrations. The Capesize 5 time charter average then dipped slightly by $110 day-on-day to $12,662 on Friday, due to thin market activities. The Baltic Dry Index (BDI), however rose slightly by 0.45% or 6 points to 1,333 readings, due to …

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Iron Ore DCE May Daily Technical Review 8/2/21

Verdict – Short-term neutral. DCE iron ore rebounded significantly during the morning, however last three hours consolidated. Both open interest and volume decreased compared to last Friday. Hourly KD flattened on the overbought area. Hourly MACD potentially create dead cross with current price. Technical signals indicated iron ore exhausted and be aware of reversal. The …

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Ferrous Daily Physical Review 8/2/21

Ferrous Market –    Russia Miner Metalloinvest Q4 production 10.07 million tonnes, down 1% from Q3. Year 2020 total production 40.43 million tonnes, up 0.5% y-o-y. Q4 iron ore delivery 2.14 million tonnes, down 8.1% from Q3. –    Steelbank construction steels inventory 6.19 million tonnes, up 28.68% w-o-w. HRC inventories 2.257 million tonnes, up 15.01% w-o-w. …

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