Category archives: Products

Iron Ore DCE Jan Daily Technical Review 16/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

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Daily Virtual Steel Mill Report 16/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United Nations issued the year 2021 World Trade Outlook, indicated China economy developed to counter against recession. The China economy boomed earlier than any other country after the pandemic. The China trade volume increased by 10% compared to last H1. Iron Ore Key …

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Daily DCE Review 16/9/21

Iron ore futures continued to extend losses at the day session, over market concerns over new wave of pandemic spread in southern China that affected steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.94% day-on-day or down RMB 27.50 to RMB 670.50/mt, during the day trading session on …

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ENGINE: Americas Bunker Fuel Market Update 15/9/21

A $2/bbl Brent rally has sent bunker prices up across the board in the Americas, and port operations have normalised in the Houston area.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($18/mt), New York ($17/mt), Los Angeles ($15/mt), Houston ($14/mt) and Balboa ($12/mt) LSMGO prices …

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FIS Fuel Oil Morning Report 16/09/21

At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up 28 cents/b (0.37%) from the previous close at $75.74/b while the NYMEX October light sweet crude contract rose 26 cents/b (0.36%) at $72.87/b.   EIA week ending 9/10 Crude oil: -6.4M Gasoline: -1.9M Distillates: -1.7M Refiner utilz: 82.1% Impld mogas …

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