FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

Daily DCE Review 9/6/21

Iron ore futures rebounded from previous trading day losses, amid a volatile market with narrowing steel margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.98% on-day or up RMB 45 to RMB 1,175/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also jumped up by 1.31% …

Daily Capesize Review 8/6/21

Capesize freight rates followed the dip on bearish shipping fundamentals, though there was some improvement in the Pacific market. The Capesize 5 time charter average, then dropped slightly by $613 day-on-day to $19,845 on Tuesday, despite some rebound in the index. The Baltic Dry Index (BDI) also fell slightly by 0.33% or 8 points on-day …

FIS Fuel Oil Morning Report 09/06/21

At 11:12 am Singapore time (0312 GMT), the ICE August Brent futures contract was up 50 cents/b (0.69%) from the previous settle at $72.72/b while the NYMEX July light sweet crude contract was up 47 cents/b (0.67%) at $70.52/b.   Both contracts touched multiyear highs June 4 before settling lower. The ICE Brent contract last …

Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …