Category archives: Products

DCE inches up on better buying interest

Iron ore futures went up higher following a late rally in the afternoon session due to better buying interests. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.40% day-on-day to RMB 797 per mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also inched up …

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Ferts in Focus 21/10/2020

*RCF requests extension on tender offers* The issuance of LOIs was expected to start this week, and round out India’s latest urea purchasing tender. Almost 2.2mn tonnes are believed to have been accepted against RCF’s counterbids; however the importer requested a two day extension on the validity of offers Monday (when they were due to …

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Morning Oil Report 21/10/20

Brent crude futures dropped 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. WTI  futures fell 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday.   Oil steadied yesterday as hopes of a vaccine were nearing which would potentially ease some lockdowns, …

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Capesize rates slide despite improving paper market

Capesize freight rates continued the downward slide despite some improvement in the paper market. The Capesize 5 time charter average then fell by $1,281 day-on-day to $17,121 on Tuesday, but managed to send some positive signals to shipowners due to the improving paper market. However, the physical market remained weak and dragged down the Baltic …

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Iron Ore DCE January Daily Technical Review Oct 21st

Verdict – Short-term neutral. DCE iron ore kept rebounding from afternoon session on Oct 19th . From hourly chart, CCI is approaching 2 weeks high from six day low. MACD is also slightly picking up above 0 axis. A rejection on 809.0 area would indicate iron ore return to bearish territory. A breakthrough on this …

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Daily Ferrous Physical Review Oct 21st

Ferrous Market –    Australia port maintenance estimate cause iron ore decrease on delivery arround 2.17 million tonnes. Brazil maintenance impact 507,000 tonnes. However Australia and Brazil delivery to China proportion both increased, Australia and Brazil iron ore delivery also approaching 4 month high. –    Port stock increase enables steel mills have more alternative …

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European Close 20/10/20

Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close.   Rhetoric for iron ore bulls …

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