Iron ore futures opened high, but only to flatten at the afternoon closing session, amid strong Chinese steel demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.39% day-on-day or RMB 15.50 to RMB 1,131/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also went …
Category archives: Ferrous
Daily Capesize Review 24/2/21
Capesize freight rates softened on thin shipping activities with much market uncertainty in both basins. The Capesize 5 time charter average then dropped further by $901 day-on-day to $12,316 on Wednesday, as the paper market traded at tight range for March contract. Thus, the Baltic Dry Index (BDI) reversed into losses despite the strength of …
Iron Ore DCE May Daily Technical Review 25/2/21
Verdict – Short-term neutral. DCE iron ore pick up fast this afternoon however correct back few minutes after. U.S. Dollar linked metal indicated very high correlation over the entire February. U.S. dollar broke important level at 90 at noon. Hourly candles were in the consolidation range. Hourly MACD was narrowing below 0 axis. Hourly CCI …
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Ferrous Daily Physical Review 25/2/21
Ferrous Market – South Africa invested 250 million U.S. dollars into a new iron ore separation method(UHDMS) to increase the quality of Sishen mines, which expected to increase the mining cycle by 4 years to the year 2039. The project was approved by Kumba commission. – Tangshan 10 sample steel mills pig iron before tax …
European Close 24/02/21
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London Iron Ore Market Report 24/02/21
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FIS Castaway Podcast – Episode 43 – John B Special, Available Now! 24/02/21
FIS Castaway Podcast – Episode 43 – John B Special Record volumes and incredible volatility. Listen to John B, CEO of FIS, on what’s been happening in the dry freight markets and the reasons behind it, on this week’s podcast. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-43-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/15tTEQcTWTNr5z9gG8xtAW?si=Zhh7NTTdSyeV5PL_4VC8oA And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=e5d1d495-650f-1489-91e8-344b12fb8b75 Disclaimer: This …
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Oil and Ore Intraday Morning Technical 24/02/21
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Steel & Scrap Morning Report 24/02/21
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Daily DCE Review 24/2/21
Iron ore futures moved flattish in choppy session and spotted a gain after a late rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose slightly by 0.44% day-on-day or RMB 5 to RMB 1,129.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …