Tag archives: IO

FIS Singapore Iron Ore Derivatives Report 19/05/2021 19/05/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Wednesday amid declining steel prices as authorities in China stepped up efforts to tame the markets. Mysteel reported that China’s steelmaking hub of Tangshan has announced fresh production curbs which include the suspension of production of all sintering units of steel mills between midnight …

Continue reading “FIS Singapore Iron Ore Derivatives Report 19/05/2021 19/05/21”

FIS Castaway Podcast – Episode 55 19/05/21

    FIS Castaway Podcast – Episode 55   With storm clouds over London this week, we try to clear things up about what’s been happening with the dramatic falls on freight, whispers of Iranian oil coming back, and strong steel mill margins in China, on this week’s Castaway podcast.       Listen Below: …

Continue reading “FIS Castaway Podcast – Episode 55 19/05/21”

Daily Virtual Steel Mill Report 19/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish.   Macro ·         On May 18, China’s National Development and Reform Commission(NDRC) held a regular press conference: the NDRC and the General Administration of Market Supervision are jointly investigating the market conditions of steel and iron ore. “We will accelerate the construction of …

Continue reading “Daily Virtual Steel Mill Report 19/5/21”

Daily DCE Review 19/5/21

Iron ore futures dipped by the close of the day trading session, as trade participants expected more top-down measures to cool the market.   The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped for the second consecutive day by 3.25% on-day or up RMB 40 to RMB 1,192.50/mt on Wednesday.   The …

Continue reading “Daily DCE Review 19/5/21”

Singapore Iron Ore Derivatives Report 18/05/21

Market Commentary Iron ore futures remained well-supported amid robust Chinese demand while a weaker dollar also supported the dollar-denominated iron ore prices. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released …

Continue reading “Singapore Iron Ore Derivatives Report 18/05/21”

Daily DCE Review 18/5/21

Iron ore futures closed the afternoon session on high, following the uptick in the morning session amid strong steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.32% on-day or up RMB 51.50 to RMB 1,242.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however inched …

Continue reading “Daily DCE Review 18/5/21”