Monthly archives: February 2021

Daily DCE Review 9/2/21

Iron ore futures continued to rally on better steel margins and 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 4.32% day-on-day or RMB 44 to RMB 1,062/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

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Oil Morning Report 09/02/2021

Brent crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT and pushing up to $61.25 by 0600GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.42 a barrel, up 45 cents, or 0.8%. Both Brent and WTI are at their highest since January 2020. Front-month prices …

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Daily Capesize Review 8/2/21

Capesize freight rates continued to slide downward on market inactivity with the absence of Chinese trade participants on holidays celebration. The Capesize 5 time charter average then dropped by $605 day-on-day to $12,057 on Monday, on thin market activities at the start of the week. The Baltic Dry Index (BDI) followed the downtrend and dipped …

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