Category archives: Ferrous

Daily DCE Review 24/6/21

Iron ore futures inched up slightly, due to market concerns over slower steel demand with rising steel stockpiles and easing of supply tightness in iron ore stocks. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up slightly by 0.87% day-on-day or up RMB 10 to RMB 1,164.50/mt on Thursday. The steel …

Continue reading “Daily DCE Review 24/6/21”

FIS Singapore Iron Ore Derivatives Report 23/06/2021

Market Commentary Iron ore futures advanced on Wednesday amid supply tightness across Chinese ports while optimism over global demand as well as speculation over relaxing production restrictions in Tangshan also supported price for the steelmaking ingredient. According to data by Mysteel, iron ore deliveries from Australia and Brazil were down 1.95 million tonnes this week …

Continue reading “FIS Singapore Iron Ore Derivatives Report 23/06/2021”

FIS Castaway Podcast – Episode 60 23/06/21

    FIS Castaway Podcast – Episode 60 – Coking Coal Special   Have you met coal? With coking coal finally making significant moves we invite Dave Powell to talk to us about this vitally important commodity.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-60/   Spotify https://open.spotify.com/episode/1wZrz8bPEJHJqdWU34fnZa?si=PXFnYC0AQyCtbpHQKVxb9Q&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-60-coking-coal-special/id1507094242?i=1000526595842         Disclaimer: This podcast is …

Continue reading “FIS Castaway Podcast – Episode 60 23/06/21”

Daily DCE Review 23/6/21

Iron ore futures rebounded for previous losses, supported by supply tightness and market talks of relaxation of output curb in Tangshan by July. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped up by 3.99% day-on-day or up RMB 45 to RMB 1,173/mt on Wednesday. The steel rebar contract on the Shanghai …

Continue reading “Daily DCE Review 23/6/21”

Iron Ore DCE Sep Daily Technical Review 23/6/21

Verdict – Short-term neutral. DCE iron ore September contract rebounded and corrected after reaching the previous neckline area around 1176.0- 1181.5. A breakthrough on this level would potentially lead a next movement to test last high at 1253.5. A rejection on this level potentially drive iron ore back to consolidation. From hourly chart MACD expanded. …

Continue reading “Iron Ore DCE Sep Daily Technical Review 23/6/21”

Daily Virtual Steel Mill Report 23/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal Powell said the U.S. inflation exceeded the previous expectation, however Federal doesn’t have a plan to increase interest rate immediately. ·         China State Material Reserve Regulation Center issued an announcement on the release of the first batch of national reserves of …

Continue reading “Daily Virtual Steel Mill Report 23/6/21”