FIS Singapore Iron Ore Derivatives Report 16/06/2021

Market Commentary Iron ore futures extended its losses on Wednesday following increased shipments from major suppliers, while traders are also sweating over potential government controls. Iron ore shipments from Australia and Brazil stood at 26.14 million tonnes last week, up 4.4% from a week ago, data from Mysteel showed. The increased shipments have eased market …

FW: FIS Castaway Podcast – Episode 59 16/06/21

    FIS Castaway Podcast – Episode 59   As Capes jump over 50% week on week, we discuss the ‘extra-terrestrial’ trajectory and where it could go, as well as the oil and iron ore markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-59/   Spotify https://open.spotify.com/episode/5sy3C4Augg8INXB8KvmnXH?si=JbbHCdEdSWqjuuf9KqNQuQ&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-59/id1507094242?i=1000525720614         Disclaimer: This podcast is a …

Daily DCE Review 16/6/21

Iron ore futures reversed into losses due to the easing of the supply tightness, while the market entered lull steel demand season. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped down by 1.52% on-day or RMB 18.50 to RMB 1,197.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, …