Daily Virtual Steel Mill Report 2/6/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         The China Market Supervision Agency said will closely track the volatility of commodity prices, strengthen pre-risk analysis, regularly monitors the trend of iron ore, steel, coal, crude oil and other commodity prices, create weekly analysis reports, and implement effective supervision. ·         China May …

FIS Morning Report Tanker FFA 02-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Gives Little Away; Iran Talks Extended (Bloomberg) OPEC+ left crude consumers in limbo, sticking to its plan of monthly output increases until July but refused to give any hints about further moves until there’s clear evidence more oil is needed.     (Saudi Up 500,000 Barrels a Day; China …

Daily DCE Review 1/6/21

Iron ore futures continued its bullish run after finding supports in possible easing of output cut in Tangshan and positive economic data from China. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 7.29% on-day or up RMB 79.50 to RMB 1,169.50/mt on Tuesday. The steel rebar contract on the Shanghai …

Daily DCE Review 31/5/21

Iron ore futures opened high at the start of the week, rebounding from price corrections last week, after the announcement of more commodity price controls. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 5.28% on-day or up RMB 55.50 to RMB 1,106/mt on Monday. The steel rebar contract on the …