Iron Ore DCE May Daily Technical Review 10/2/21

Verdict – Short-term neutral, be aware of reversal after Chinese New Year. DCE iron ore rebounded during the last few minutes due to long positions escaping during the last chance before a week long Chinese New Year holiday. The previous week rebound of iron ore was inline with metals rebound after a positive prediction of …

FIS CASTAWAY – EPISODE 41 09/02/21

FIS Castaway Podcast – Episode 41 Iron Ore and Ferts have had a rollercoaster of a week, while Capes continue their slide, listen to all the analysis pre-CNY on this week’s podcast. Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-41-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/5p3c4UheEQnZMSj0cFrB5V?si=tYDFY3PuR3azZFpMZgf_wA   And Itunes  https://podcasts.apple.com/gb/podcast/episode-41/id1507094242?i=1000508307023  

Daily DCE Review 9/2/21

Iron ore futures continued to rally on better steel margins and expectation of better steel demand for post-Lunar New Year period. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 4.32% day-on-day or RMB 44 to RMB 1,062/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

Daily DCE Review 8/2/21

Iron ore futures started the week on bullish rally, due to market optimism over the post-Lunar New Year demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then jumped by 2.90% day-on-day or RMB 29 to RMB 1,028/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also rose …