Category archives: Products

Fertilizer Holiday Update 4/1/21

AG UREA Despite the break, we saw relatively steady two-way interest on the nearby expiry for AG paper, with buyers and sellers both jockeying around 270 value for the January contract. Trading eventually occurred at that level, on the back of spreads. Conviction further out the curve has been slightly lower, although we see the …

Continue reading “Fertilizer Holiday Update 4/1/21”

Daily Ferrous Physical Review 4/1/21

Ferrous Market –    Steelbank Inventory: construction steel inventories 3.19 million tonnes, down 7.92% w-o-w. HRC 1.27 million tonnes, down 0.51% w-o-w. –    Some physical traders heard FMG increase discount from 7% to 10% on FMG SSF, and 4% to 8% on FMG BF. –    Jan 4th : MySteel 45 ports iron ore inventories at 124.16 …

Continue reading “Daily Ferrous Physical Review 4/1/21”

Iron Ore DCE May Daily Technical Review 4/1/21

Verdict – Short-term neutral to bullish. DCE iron ore rebound significantly by 3.35% with smaller aggregated trading volume for the second trading day, indicating market was running on bullish sentiment without significant conflictions. From hourly chart, CCI created new high from November 9th. Small stochastic KD widened after gold cross. The first support is 972.0. …

Continue reading “Iron Ore DCE May Daily Technical Review 4/1/21”