Tag archives: IO
DCE off for Dragon Boat festival holidays
Chinese futures remained stagnant in the view of the Dragon Boat festival in the Jun 25-27 period. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, were unchanged day-on-day at RMB 771 per tonne on Thursday. Similarly, the steel rebar contract on the Shanghai Futures Exchange was flat at …
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FIS CASTAWAY – EPISODE 13
This week the team talk $6 million dollar bail, Cape splits, and EU travel bans; all this is alongside our usual in depth analysis of the supply and demand factors affecting commodity market prices. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242
London Iron Ore Market Report
Steel futures up on mixed Coronavirus news
Iron ore futures extended gains on Wednesday as investors assessed risks from the Coronavirus pandemic. There are worrying signs that the outbreak has worsened in Brazil, with the nation recently surpassing the mark of one million confirmed cases and 50,000 deaths. Latest figures showed that Brazil added new deaths, bringing the total to …
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DCE rebounds from corrections
Chinese futures rebounded from recent corrections after a late rally seen in the afternoon session, prompted by a flurry of trades done at higher levels. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, jumped by 2.05% day-on-day to RMB 771 per tonne on Wednesday. The steel rebar …
FIS Daily Physical Review Jun 24th
Ferrous Market Updates – BHP narrowed JMBF discount from 7% in June to 4.5% in July, Yandi discount from 5.5% to 3.5%. MAC fines discount unchanged at 0.5%. The adjustment on discount is due to enhancement on ferrous, silicon and aluminum. – Brazil iron ore shipments to China significantly increase in June. In addition, northern …
London Iron Ore Market Report
Pre-holiday restocking lifts iron ore futures
Iron ore futures moved above $99 on restocking ahead of the Chinese holiday. It was a busy day for iron ore traders as a flurry of trades were transacted as steel mills look to restock ahead of the Dragonboat festival holiday on Thursday and Friday. Some trade sources are expecting more spot supply …
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DCE slides on selling pressure
Chinese futures continued to slide for the second consecutive days as the market headed toward correction after the rally last week. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, decreased slightly by 0.33% to RMB 757 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures …