Freight Intraday Morning Technical 13/10/20

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DCE falls on high stocks and lower steel output

Iron ore futures dipped on high port stocks accumulated over the holidays period, while steel demand slowed from output cut from Tangshan. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.57% day-on-day to RMB 813 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

Oil and Ore Intraday Morning Technical 13/10/20

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Steel & Scrap Morning Report 13/10/20

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Capesize rates falls on soft physical market

Capesize freight rates continued to head south on selling pressure on the paper market and thin physical trading market. The Capesize 5 time charter average fell by $2,146 day-on-day to $27,333 on Monday, due to aggressive selloff, but gained some ground as Pilbara port authorities were turning away covid infected crews. The Baltic Dry Index …

FIS London Coking Coal Report 12/10/20

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European Close 12/10/20

A bit of a lacklustre start to the week with the November Iron Ore futures moving two dollars off its highs as it enters a corrective phase. Fundamentally the question is can China keep consuming iron ore at this rate, and if so for how long? There has not been an analyst in the market …