Category archives: Ferrous

Castaway Podcast – Ep. 52 – Shipping Emissions

‘No Smoking here – It’s the Castaway Emissions Special! Join us with our special guest Andrew Glass of Viridios Capital and Avatar Commodities to discuss Emissions Offsets and their effect on the world of shipping and commodities.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-51-shipping-emissions/   Spotify https://open.spotify.com/episode/6vGCbv86JDVPJxaogu020h?si=zHvmrUJaT8qoZSdWJu58lg   iTunes https://podcasts.apple.com/gb/podcast/episode-52-shipping-emissions/id1507094242?i=1000518992755

Daily DCE Review 4/5/21

Iron ore futures came to a standstill following holidays season in China, despite gains in steel billet prices. Tangshan billet prices then rose by RMB 30 on-day to RMB 5,040/mt on Tuesday, May 4 after billet prices stabilized under the RMB 5,000/mt level since end-April.   Billet margins soar to record high level     Chinese …

Continue reading “Daily DCE Review 4/5/21”

Iron Ore DCE Sep Daily Technical Review 30/4/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract retreated as previous long taking gains before Labor Day holiday. However market needs further confirmation on the reversal, unless a breakdown on important support on 1083.0 level. Hourly slow stochastic KD narrowed near oversold area. Hourly CCI flattened. Technical signals were indicating the correction …

Continue reading “Iron Ore DCE Sep Daily Technical Review 30/4/21”

Daily Virtual Steel Mill Report 30/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro： ·         U.S. Q1 GDP growth rate at 6.4%, higher than 6.1% expected. Iron Ore Key Indicators: ·         Platts62 $190.45, unch, MTD $179.29. Corex PBF yesterday traded with a $6 premium based on June Index, which was unchanged to the day before. However miner traded a …

Continue reading “Daily Virtual Steel Mill Report 30/4/21”