Monthly archives: January 2021

Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 15/1/21

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Ferrous Trade Weekly Review 15/1/21

A total of 1,160,000 mt of iron ores was traded for the week ended Jan 15, around half of the volume compared to last week, due to market uncertainty over slow steel demand. Furthermore, market participants were concerned about rising coronavirus cases in Hebei, the steel-making hub province of China. Though, there was no report …

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Daily DCE review 15/1/21

Iron ore futures continued to rally on restocking demand and tight supply concerns over Brazilian and Australian ores due to unfavorable weather conditions. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, rose by 1.45% on-day or RMB 15 to RMB 1,053/mt on Friday. The steel rebar contract on the Shanghai …

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Daily Capesize Review 14/1/21

Capesize freight rates slid on market concerns over fire incident in Brazilian iron ore terminal, which drove rates back from the highs of trading day. The Capesize 5 time charter average then slipped by $1,510 day-on-day to $24,979 on Thursday, due to bearish sentiments that caused low fixing for C5. The Baltic Dry Index (BDI) …

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Morning Oil Report 15/1/21

Brent was down 46 cents, or 0.8%, at $55.96 by 0544 GMT, after gaining 0.6% on Thursday before falling to $55.56 at around 0600GMT. U.S. West Texas Intermediate crude was 29 cents, or 0.5%, lower at $53.28 a barrel, having risen more than 1% the previous session. Global analysts see oil prices gaining over the …

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