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  • Dry bulk FFA market: Low activity from European holidays

    Capesize market was hit by lower shipping activities due to European holidays and fewer iron ore cargoes coming out of western Australia.

  • FIS Daily Ferrous Report: Not a tame lion

    DCE gains RMB 19 on-day to RMB 764 a tonne today, rather tame as compared to the hitting the upper trading limit on Tuesday.

  • No signs of slowing down for coking coal

    By Titus Zheng, FIS Singapore Coking coal may prove to be the biggest commodity gainer for the year with a price surge of 51% since the start of August before settling above the elevated USD150/mt mark. For the first eight months, coking coal scored an even impressive record with price spike over 81% throughout the…

  • Last ditch push for iron ore futures

    By Titus Zheng, FIS Singapore Iron ore futures have been in the habit of making last ditch pushes as the trading day came to a close. According to a London-based FIS broker, the typical trading day in Dalian Commodities Exchange (DCE)  begins with a rally, and then eases off for a while before a flurry…

  • Iron ore miners seek new strategies

    By Titus Zheng, FIS Singapore The world’s largest mining companies are working hard on their strategies to maximize profits from the recent iron ore prices rally and manage future profitability. Brazil’s Vale is considering of raising USD10 billion through the sale of up to 3% of future iron ore output to undisclosed China-based companies, according…

  • Iron ore makes a comeback to USD60/mt

    By Titus Zheng, FIS Singapore Iron ore prices are back to the USD60 per metric tonne mark again, thanks to robust steel demand from China. The comeback was achieved on Thursday, at USD60.70/mt, making it the highest level since the 3 May 2016. The rise was fueled by the Chinese steel market rally that saw…

  • Iron ore prices surge amid output cuts and anti-dumping investigation

    By Titus Zheng, FIS Singapore Iron ore prices surged on Tuesday, lifted by the production cuts in Tangshan and China’s anti-dumping investigation into Brazilian and Australian imports. “The [futures] market is moving so strongly on the Dalian Commodities Exchange (DCE),” commented one UK-based FIS broker. Active DCE contracts later closed in the range of 443-446…

  • Iron ore futures softens on weak fundamentals

    By Titus Zheng, FIS Singapore Iron ore futures softened on Wednesday, weighed down by market sentiment of lower prices on back of high inventories. “Chinese onshore futures saw small early gains erased, ending the Asian morning session down from last night’s closing levels with Dalian Commodities Exchange (DCE) September ranged 418.5 – 428.5, and closed…

  • Iron ore futures softens on weak fundamentals

    By Titus Zheng, FIS Singapore Iron ore futures softened on Wednesday, weighed down by market sentiment of lower prices on back of high inventories. “Chinese onshore futures saw small early gains erased, ending the Asian morning session down from last night’s closing levels with Dalian Commodities Exchange (DCE) September ranged 418.5 – 428.5, and closed…

  • A tipping point for iron ore

    By Titus Zheng, FIS Singapore China‘s iron ore supply glut remained overwhelming, with estimate of nearly 92 million tonnes expected to arrive in its ports by July 2016. The estimate was based on trade data of Thomson Reuters Commodity Research and Forecasts and if the forecast was right, the month of July will mark as…