Category archives: News

European close

As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …

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Oil Through the Looking Glass 17/11/20

*Equinor Sees Oil Demand Peaking Two-Three Years Sooner Due to Virus* Equinor sees global demand peaking at around 2027-2028, two years earlier than previously predicted because of the coronavirus pandemic sparking the interest in the roll-out of greener energies quicker than first through possible. 100 million barrels per day consumption – the levels seen before …

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DCE benefits from high steel prices and margins

Iron ore futures hiked up higher on better steel prices and market optimism on better steel margins and demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a gain of 2.64% or RMB 22 day-on-day to RMB 855/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange …

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FIS Weekly Ferrous Report 17/11/2020

Iron ore remains neutral to bullish, with limited room to the upside in the short-run since futures values are converging with DCE deliverable physical values. Macro: The signing of RECP by 15 Asian countries (Reuters) indicated industrial commodities facing more tax exemptions in next few years. It will also help to build a transparent and …

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