Monthly archives: February 2021

Daily DCE Review 10/2/21

Iron ore futures rose on market expectation of better steel demand for post-Lunar New Year period. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 2.39% day-on-day or RMB 25 to RMB 1,071.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also increased slightly by …

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Daily Capesize Review 9/2/21

Capesize freight rates spiraled down on thin market activities as holidays season approached for Chinese trade participants. The Capesize 5 time charter average then dipped by $698 day-on-day to $11,359 on Tuesday, after trading at a tight range. The Baltic Dry Index (BDI) also dropped by 0.84% or 11 points to 1,306 readings, despite some …

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Ferrous Daily Physical Review 10/2/21

Ferrous Market –    China Ministry of Information and Industry Technology: prohibit new steel making capacity by decrease both steel capacity and production in the year 2021. It was the first time the department mentioning about production control over the decade. –    Mongolia major coal export ports closed during Feb 11 – 14th. Ports reopen in …

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Iron Ore DCE May Daily Technical Review 10/2/21

Verdict – Short-term neutral, be aware of reversal after Chinese New Year. DCE iron ore rebounded during the last few minutes due to long positions escaping during the last chance before a week long Chinese New Year holiday. The previous week rebound of iron ore was inline with metals rebound after a positive prediction of …

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