Monthly archives: January 2021

Oil and Ore Intraday Morning Technical 12/1/21

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DCE rebounds despite coronavirus concerns

Iron ore futures recovered some loss ground at day trading session, due to a rally at the start of the afternoon session to close higher. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose slightly by 0.14% on-day or RMB 1.50 to RMB 1,049/mt on Tuesday. The steel rebar contract …

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Capesize rates rally on thin tonnage

Capesize freight rates continued its bullish run, drawing supports from the better shipping demand in both basins. The Capesize 5 time charter average then rose by $3,376 day-on-day to $24,507 on Monday, after heavy volume changed hands in the paper market. The Baltic Dry Index (BDI) also followed the Capeszie rally and hiked up by …

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