Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 26/05/2021

Market Commentary Iron ore futures slumped to the lowest in over a month over renewed concerns of a crackdown on commodity prices by authorities in China. Policymakers in China have found themselves in a very delicate conundrum as they look to maintain its economic growth but at the same time are concerned that a cost-push …

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FIS Castaway Podcast – Episode 26/05/21

    FIS Castaway Podcast – Episode 56   Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract.     Listen Below: …

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Iron Ore DCE Sep Daily Technical Review 26/5/21

Verdict – Short-term bearish. DCE iron ore September contract corrected significantly during the day. Hourly MACD created dead cross. Hourly CCI dropped from the highest since May 18th to the lowest of the year. Currently iron ore price drop along with new short position, indicating a continuous correction. The first support is 964.5, the first …

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Daily Virtual Steel Mill Report 26/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         China top economic planning to rein in abnormal fluctuations in commodities price including iron ore, copper, and corn, which was part of broader five-year plan to overhaul various pricing mechanisms. ·         On May 25, CNY against the US dollar mid-rate was 6.4283, up …

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FIS Singapore Iron Ore Derivatives Report 25/05/21

Iron Ore Market Update Market Commentary Iron ore and steel prices saw a major correction last week following the government crackdown. Mills’ profitability fell sharply since reaching multi-year highs just two weeks ago, according to data compiled by Bloomberg Intelligence. According to some trade sources, steel margins for some products have fallen below $200/mt. Meanwhile, …

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Daily DCE Review 25/5/21

Iron ore futures dipped at the close, after a volatile session with day peak recorded earlier in the morning session before plunging at the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped slightly by 0.05% on-day or up RMB 0.50 to RMB 1,058/mt on Tuesday. The steel rebar contract …

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