Daily Virtual Steel Mill Report 13/10/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         IMF decreased the global economy growth expectation and sent warning on stagflation. The global economy growth rate in July report decreased from 6% to 5.9% in the year 2021. The growth rate in the year 2022 expected at 4.9%. Iron Ore Key Indicators: ·         Platts62 $128.50, …

Daily DCE Review 12/10/21

Iron ore futures inched down after a choppy session as trade participants became more cautious over slowing steel production. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped slightly by 0.19% day-on-day or down RMB 1.50 to RMB 769.50/mt, during the day trading session on Tuesday. The rebar futures also went down …

FIS Singapore Iron Ore Derivatives Report 11/10/21

Physical Trades Platform GO traded 80,000 mt Newman lump at Platts 62% Nov index + $0.25/dmtu for Nov 1-10 loading. GO traded 170,000 mt BRBF Fe 62% at $139.10/mt for Nov 14-23 loading. Corex traded 80,000 mt Yandi fines Fe 56.7% at AM[2021-11-01,2021-11-30],62%,-$22.90 /mt for Oct 28 -Nov 6 loading. Corex traded 120,000 mt PBF …