Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 28/05/21

Market Commentary Iron ore futures were largely unchanged at just under $185 on Friday. The steelmaking ingredient has had a rollercoaster ride this month, with prices surging above $230 at the start of the month amid a global steel boom, exacerbated by China’s commitment to rein in last year’s record 1 billion tonnes of output. …

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Ferrous trade weekly review 28/5/21

A total of 0.6 million mt of iron ores was traded for the week ended May 28, as the market toned down after Chinese authority’s pledge of commodity price control into their latest five-year plan. Therefore, the steel prices soon traversed downward, which affected steel margins as trade participants became more cautious in trading. During …

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Daily DCE Review 28/5/21

Iron ore futures ended the week on high note after recovering from the slump earlier on the week. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.11% on-day or up RMB 42 to RMB 1,063/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange also went up by …

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Daily Virtual Steel Mill Report 28/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Biden’s budget raise annual spending to $6 trillion, with annual deficits of more than $1.3 trillion over the next decade. Iron Ore Key Indicators: ·         Platts62 $187.65, -4.00, MTD $207.05.PBF premium marked arround yearly high at $8.65, based on July index, which was …

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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 …

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