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  • Welcome back, Singapore, you missed nothing

    Welcome back to Singapore and all those who have also adhered to the Singaporean holiday regime, We hope you had a good day off. If you have been off, we can reliably inform you that you have missed absolutely nothing.

  • FIS Iron Ore and Steel Market Update

    MySteel Iron Ore Delivery Aug 5- 11th: Australia and Brazil delivered 23.84 million tonnes of iron ore, up 668,000 tonnes w-o-w. Australia delivery to China up 169,000 tonnes. Rio delivery to China up 389.000 tonnes, BHP delivery to China up 517,000 tonnes. FMG delivery to China down 47,900 tonnes. Brazil delivery to China 7.22 million tonnes,…

  • DCE positions ‘evaporate’ as slide continues

    DCE iron ore has evaporated 18% of positions from July 19th. Market money is taking gains in the mid-term. The intra-day market is split into two parts – before the break, the market was consolidating with less interests. However new sellers aggressively entered the market when we saw positions built. From daily chart, slow KD…

  • FIS Ferrous Market Update

    1. Major area of Tangshan will suspend production of sintering facility and blast furnace from July 26th – 28th. 2. Tangshan steel billet up 30 yuan over weekend and Shanghai rebar up 20 yuan in the morning. 3. Pilbara port iron ore capacity down 1% in fiscal 2018. Hedland export volume reached 507 million tonnes…

  • DCE soars to five year high

    DCE rallied above the RMB 900 level to a five-year high before closing at RMB 905 a tonne during the afternoon session.

  • FIS Daily Ferrous Update

    Another rocking day for iron ore, initially rather choppy but a strong close on the DCE saw swaps rally to a July higher of 106.80, with Q3 trading up to 103.40. Spreads widened aggressive again, Q3/Q1 traded 11.55 during the Asian morning, with Q3/Q4 trading 6.00, with the later last trading 7.50 and left 7.75…

  • FIS Daily Ferrous Report

    Iron ore followed on from yesterday’s bullish moves by giving it another kick on higher today, the Asian afternoon DCE session opening limit up of 760.5 and remaining there for the duration. Swaps pumped as a result, Jul trading 98.70 up to 102.90 with Q3 breaking the 100 mark again, trading 100.50. spreads widened as…

  • FIS Daily Ferrous Report

    – Steel margins came down to the range of RMB 50-300/mt following the decline of steel prices. By Tuesday, the Tangshan billet prices went down by RMB 20 on-day to RMB 3,600/mt, while prices of raw materials were on the rise that reduced steel-making margins. In avoiding the higher material costs, some mills are seeking…

  • FIS Daily Ferrous Report

    DCE came off the highs today trading 774 down to 745.5 before recovering some of its losses in the Asian afternoon to close at 756.5. Liquidity pretty thin throughout the day, Jun trading between 103-106.40 before coming off in chunks towards Singapore close, 102.50 trading last on Jun and 100.50 and 98.00 on Aug respectively.…

  • FIS Daily Ferrous Report

    A rather static day for iron ore today after the big moves of the last couple of days, DCE stuck in the high 730′- low 720’s eventually to close at 728.5. Jun traded between 100-101 for most of the day, with Q3 trading 95.10-96.25. spreads came under a little bit of pressure, the Jun/Jul trading…