Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 28/09/21

Market Commentary Iron ore futures slumped to near-$110 as China’s power crisis intensifies, dampening the consumption outlook for the raw material. China’s industrial sector is facing a power crunch that limits operations of steel works. According to Mysteel, over 80 steel mills in September suspended production for maintenance as some northern provinces have imposed power …

Continue reading “FIS Singapore Iron Ore Derivatives Report 28/09/21”

Daily DCE Review 28/9/21

Iron ore futures dipped from recent rally, as market concerns over power conservation policy grew larger, which reduced raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.93% day-on-day or down RMB 20.50 to RMB 678/mt, during the day trading session on Tuesday. The rebar future however, hiked …

Continue reading “Daily DCE Review 28/9/21”

FIS Singapore Iron Ore Derivatives Report 27/09/21

Iron ore futures rallied to near $120 following a pickup in restocking activities ahead of the week-long Chinese National Day holiday. “Sentiment was supported by a sudden spike in steel mill profit margins, raising prospects of demand to increase from mills,” Australia & New Zealand Banking Group Ltd. wrote in a note. “Mills are also …

Continue reading “FIS Singapore Iron Ore Derivatives Report 27/09/21”