Category archives: Ferrous

FIS Singapore Iron Ore Derivatives Report 13/07/21

Market Commentary Iron ore futures advanced on Tuesday as fresh imports data indicates resilient demand. China’s inbound shipments of the steelmaking raw material were relatively stable in June, compared with the previous month, pointing to steady demand in the world’s top steel producer. Iron ore imports stood at 89.4 million tonnes, down 0.4% month-on-month, the …

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Daily DCE Review 13/7/21

Iron ore futures closed higher due to better steel prices and the persisted low monthly iron ore imports arrival to China. The futures of Dalian Commodity Exchange (DCE) for September delivery then soared by 3.29% day-on-day or RMB 39 to RMB 1,225/mt during the day trading session on Tuesday. The rebar futures however, dipped slightly …

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SIOF Week 2021: Iron ore to extend commodity bull run

Goldman Sachs expected more steams for iron ore rally, despite its prolonged bullish run for three-consecutive year. At first the bull run was triggered by supply shock from Brazil’s Vale, but the rally had matured to a more demand-oriented market, boosted by various governments’ economic stimulus packages. “Iron ore has become the poster child of …

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FIS Singapore Iron Ore Derivatives Report 12/07/21

Iron Ore Market Update Market Commentary Iron ore futures endured a choppy Monday morning as investors steel supply and demand outlook amid China’s monetary support as well as an uptick in seaborne supply, while concerns of further production restrictions linger on. The Peoples’ Bank of China (PBOC) announced a broad cut in the reserve-requirement ratio …

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