Category archives: Products

FIS Singapore Iron Ore Derivatives Report 27/05/21

Market Commentary Iron ore futures extended its rebound to above $180 after the China Iron & Steel Association (CISA) proposed an industry self-review initiative on Wednesday. A total of seven proposals were outlined in the initiative, urging the iron and steel industry to strengthen market order to further promote high quality development of the industry …

Continue reading “FIS Singapore Iron Ore Derivatives Report 27/05/21”

Daily DCE Review 27/5/21

Iron ore futures recovered from the morning session slump to record gains in the afternoon session, amid lower steel prices and margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 1.11% on-day or up RMB 11.50 to RMB 1,046.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …

Continue reading “Daily DCE Review 27/5/21”

Daily Capesize Review 26/0/5/21

Capesize freight rates reversed into downtrend, due to thin market activities following the short working week paused by holidays in Asia and Europe. The Capesize 5 time charter average then dropped by $1,434 day-on-day to $29,620 on Wednesday, after a selloff in the market. The Baltic Dry Index (BDI) also dipped down by 1.96% or …

Continue reading “Daily Capesize Review 26/0/5/21”