Iron Ore DCE Jan Daily Technical Review 30/8/21

Verdict – Short-term neutral. DCE iron ore January contract completed four Elliot waves from hourly chart. Currently confirming the fifth wave. A breakthrough on 874.0 would start a new round of fifth wave and potentially targeting above 900 level. Otherwise iron ore consolidation. A breakdown on 813.5 would indicate the end of last round of …

Daily Virtual Steel Mill Report 30/8/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         Sun Hui, deputy director of the Shanghai headquarters of the People’s Bank of China: develop the RMB settlement in crude oil, iron ore, grain, rubber and other bulk commodities, overseas contracted projects and other key fields, as well as start to breakthrough on the new settlements …

FIS Singapore Iron Ore Derivatives Report 27/08/2021

Iron Ore Market Update Click below link to open today’s Singapore Iron Ore Report https://fisapp.com/wp-content/uploads/2021/08/Iron-Ore-Report-27082021-Eng-Chn.pdf For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002

ENGINE: Global Physical Bunker Market Update 27/8/21

Bunker prices have recorded gains across global bunkering hubs today, tracking higher Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Gibraltar ($9/mt), Fujairah ($8/mt), Houston ($6/mt) and Singapore ($3/mt) LSMGO prices up in Houston ($18/mt), Fujairah ($10/mt), Gibraltar ($9/mt), Rotterdam ($7/mt) and Singapore ($5/mt) HSFO380 …

Ferrous trade weekly review 27/8/21

A total of 920,000 mt of iron ores was traded for the week ended Aug 27, down 3.16% week-on-week, despite some price recovery at the end of the week. Iron ore prices had rebounded as some trade participants believed that the pricing had reached near term bottom, while restocking activities had picked up before the …