Category archives: Ferrous

Daily DCE Review 29/7/21

Iron ore futures reversed into losses on Thursday, as market participants expected more output cuts ahead that limited raw material demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.59% day-on-day or RMB 18 to RMB 1,114.50/mt during the day trading session on Thursday. The rebar futures, however hiked up …

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Iron Ore DCE Sep Daily Technical Review 29/7/21

Verdict – Short-term neutral, slow down on correction. DCE iron ore September tested two months low at 1094.0 and rebounded fast before closing to recover partial loss. In general, the support around 1110- 1113.5 was strong even it was broken during the market, since price and volume went up to push price back quickly. A …

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Daily Virtual Steel Mill Report 29/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal maintained 0-0.25% unchanged as interest rate, fell in expectation. ·         FTSE A50 Index rebounded near 3% overnight. Shanghai Equity rebounded 1.5% in early afternoon. Iron Ore Key Indicators: ·         Platts62 $201.25, +0.80, MTD $214.54. ·         China Iron and Steel Association(CISA): The …

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FIS Singapore Iron Ore Derivatives Report 28/07/2021

Market Commentary Iron ore prices were boosted by rising steel prices and robust steel margin. Steel margin have been hovering between 1250 yuan and 1300 yuan this week. The historical high was seen in last May at $1450. Furthermore, the International Monetary Fund maintained its forecast of global economic expansion at 6% this year, the …

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Podcast – Episode 65 – Battery Metals Special

FIS Castaway Podcast – Episode 65 – Battery Metals Special     With the growing ESG revolution and growth of EVs we talk to Jack Nathan, Peter Hannah and Will Adams about battery metals alongside an update of freight, oil and iron ore markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-65/   Spotify https://open.spotify.com/episode/4LiB5G1KynQ9gmBNIgJjJm?si=xCV9YC4XT6OnGNypbiE_FQ&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-65-battery-metals-special/id1507094242?i=1000530272756   …

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