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 …

Iron Ore DCE May Daily Technical Review 8/2/21

Verdict – Short-term neutral. DCE iron ore rebounded significantly during the morning, however last three hours consolidated. Both open interest and volume decreased compared to last Friday. Hourly KD flattened on the overbought area. Hourly MACD potentially create dead cross with current price. Technical signals indicated iron ore exhausted and be aware of reversal. The …

Ferrous Daily Physical Review 8/2/21

Ferrous Market –    Russia Miner Metalloinvest Q4 production 10.07 million tonnes, down 1% from Q3. Year 2020 total production 40.43 million tonnes, up 0.5% y-o-y. Q4 iron ore delivery 2.14 million tonnes, down 8.1% from Q3. –    Steelbank construction steels inventory 6.19 million tonnes, up 28.68% w-o-w. HRC inventories 2.257 million tonnes, up 15.01% w-o-w. …