Category archives: Products

Iron Ore DCE Jan Daily Technical Review 1/11/21

Verdict – Short-term neutral to bearish. DCE iron ore Jan contract volatile in narrow range during the day, however saw lower lows and lower highs. Iron ore was running in a descending tunnel. Hourly CCI decreased to the lowest since September 17th. Slow stochastic KD consolidate in netural range. Hourly MACD created dead cross below …

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Daily Virtual Steel Mill Report 1/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China National Bureau of Statistics: China October PMI 49.2, last 49.6, est. 49.7. The second month located in the contraction area. ·         G20 countries drafted plan will take the maximum efforts to stop new build coal-based electricity power generating program. Iron Ore Key Indicators: ·         Platts …

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Morning Tanker FFA Report 1/11/21

News Headlines:   Oil drops on China fuel reserves release; OPEC+ meeting in view (Reuters) Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent …

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Morning Oil Report 1/11/21

At 11:01 am Singapore time (0301 GMT), the ICE January Brent futures contract was down 23 cents/b (0.27%) from the previous close at $83.49/b, while the NYMEX December light sweet crude contract fell 41 cents/b (0.49%) at $83.16/b.   Crude oil futures dipped in mid-morning trade in Asia Nov. 1 following weak economic data out …

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