Category archives: Products

FIS Singapore Iron Ore Derivatives Report 23/07/21

Market Commentary Iron ore futures remained subdued as investors cast doubt over the steel demand outlook. Iron ore plunged as much as 9% this week as China stepped up efforts to rein in its steel sector. According to Mysteel, Steelmakers in Jiangsu, Fujian and Yunnan were asked to reduce output from last year’s level. At …

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Ferrous trade weekly review 23/7/21

A total of 510,000 mt of iron ores was traded for the week ended Jul 23, much lesser than the 1.25 million mt of iron ore traded last week, as market was affected by output cuts. There was less demand for raw materials after the Chinese authority asked various steelmakers in Jiangsu, Fujian and Yunnan …

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Daily DCE Review 23/7/21

Iron ore futures slumped during the morning session, amid slower steel consumption and higher port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.01% day-on-day or RMB 23 to RMB 1,124/mt during the day trading session on Friday. The rebar futures, however, went up by 2.20% day-on-day or RMB …

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