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  • FIS Weekly 15 Feb 2019 – Playing down the fear of short supply

    Iron Ore Overview Sufficient iron ore supply throughout Q1 2019 FIS expected the tight supply from Brazil’s Vale to have limited impact during the Q1 2019 due to similar iron ore shipment arrival to China as compared to same period last year. Besides, mills may restock easily through the many available mainstream iron ore cargoes…

  • A long wait for freight

    It is the usual time of the year again, when the market took a break for the Lunar New Year celebrations. The quietness was then rocked by the unfolding events from Vale’s dam collapse.

  • The Rush for Iron Ore

    The rush for iron ore is on and has since pushed prices toward the ‘three digits’ mark amid fears of tight supply from Vale.

  • Understanding Vale’s Dam Collapse

    A unfortunate dam collapse in Vale’s Corrego do Feijao has triggered lot of repercussions in term of loss of lives and assets. One week after the fatal incident, its impacts are still felt within the market…

  • FIS Iron ore Weekly Summary Sep 12 – Sep 16

    As the Mid-autumn festival drew to a close, market is expected to return to normalcy, but iron ore prices seem to be rusty at moment, while coking coal shines to become the best performing commodity of the year.

  • The Tale of two Miners

    By Titus Zheng, FIS Singapore Iron ore market got a boost from positive financial result from Australian miner, Fortescue Metals Group (FMG), and rose to USD61.10/mt today, up 0.16% from previous day. So far, the net profit of USD985 million was cited as FMG’s best so far since 2014 and helped to lift market sentiment of…

  • 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 prices rally against all odds

    By Titus Zheng, FIS Singapore Iron ore has defied all odds and reached a three-month high prices ceiling of USD61.40/mt yesterday. The last time spot price hit beyond this level was back in May 3, 2016 where then at the height of iron ore rally price recorded at USD62.50/mt. So far, the recent rise of…

  • 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…