Monthly archives: February 2021

Daily DCE Review 3/2/21

Iron ore futures had a choppy trading session, following a late rally at the closing afternoon session to recover the losses at the morning session. Despite the late charge, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), dipped slightly by 0.89% day-on-day or RMB 8.50 to RMB 948/mt on Wednesday. The …

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FIS Fuel Oil Morning Report 03/02/2021

U.S. West Texas Intermediate (WTI) crude futures climbed 24 cents, or 0.4%, to $55.00 a barrel at 0447 GMT, for a third straight day of gains. The benchmark hit a one-year high of $55.26 on Tuesday. Brent crude futures rose 26 cents, or 0.5%, to $57.72 a barrel, for a fourth day of gains after …

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Daily Capesize Review 2/2/21

Capesize freight rates continued to slump on the growing tonnage list, despite strong bunker prices that failed to support prices. The Capesize 5 time charter average then dropped by $1,463 day-on-day to $14,053 on Tuesday, after a selloff in the market. The Baltic Dry Index (BDI) also plunged by 4.43% day-on-day or 64 points to …

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Iron Ore DCE May Daily Technical Review 3/2/21

Verdict – Short-term neutral to bearish. DCE iron ore rebounded slightly, the intraday low at 925.0 gathered some trading volume to push iron ore price back to 940-950 level in the afternoon session. Hourly MACD potentially create gold cross. Hourly CCI rebounded for previous six hours and created intraday high. Hourly slow stochastic KD created …

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Ferrous Daily Physical Review 3/2/21

Ferrous Market –    MySteel Australia and Brazil iron ore total delivery at 24.69 million tonnes, up 4.92 million tonnes w-o-w. Australia iron ore delivery 17.05 million tonnes, up 3.02 million tonnes w-o-w. Australia delivery to China 13.13 million tonnes, up 1.175 million tonnes w-o-w. Brazil iron ore delivery 7.645 million tonnes, up 1.896 million tonnes …

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