FIS Singapore Iron Ore Derivatives Report 09/07/2021

Market Commentary second half of the year, SinoSteel Futures wrote in a note. From the 1H iron ore exports to China Platts data showed, Vale and Rio Tinto respectively shipped 128.11Mt and 148.83Mt in the last six months against their annual production guidance of 315-335Mmt and 325-340Mmt. If environmental-related production restrictions are to be implemented …

Daily Virtual Steel Mill Report 8/7/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         From January to June, the cumulative growth rates of domestic sales of large, medium and small excavators were 9.8%, 45.5% and 18.7% respectively. Although they still maintained the growth trend, but were 7.2%, 9.7% and 6.6% slower than previous five months. The growth …

Iron Ore DCE Sep Daily Technical Review 8/7/21

Verdict – Short-term neutral to bearish. DCE iron ore September rejected below previous high at 1252.0 level. From hourly chart, the iron ore was also rejected by 1204.0 level, which was close to a neckline of a double top pattern. The price movement and candle pattern were indicating iron ore price entered a corrective phase. …

Daily Virtual Steel Mill Report 8/7/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         China Prime Minister held a conference to facilitate RRR cuts focusing on decrease cost for mid-small capital enterprises. The RRR cuts were not related to a general loose on money supply. ·         According to the National Development of Reform Commission’s “14th five year” …

FIS Castaway Podcast – Episode 62 – Base Metals Special 07/07/21

    FIS Castaway Podcast – Episode 62 – Base Metals Special   This week is all about that base. Nick McClements talks about the base metal market after we explore the freight, iron ore and freight markets.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-62/   Spotify https://open.spotify.com/episode/4P2aKjAvILf6mZgg5mVnCB?si=DnG88hz7TUieXD00SIp1eA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-62-base-metals-special/id1507094242?i=1000528109462       Disclaimer: This podcast …

FIS Singapore Iron Ore Derivatives Report 07/07/21

Market Commentary Iron ore futures reversed early losses in Asia as investors assessed the steel supply and demand outlook. The August contract fell to as low as $204.75 in Asia as market sentiment was dampened by recovering iron ore supply as well as rising scrap usage. Supply tightness from both Australia and Brazil will likely …