Daily DCE Review 11/5/21

Iron ore futures had toned down from yesterday record-high session, but still maintained the upward momentum on bullish steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery inched up by 1.67% on-day or RMB 21.50 to RMB 1,306.50/mt on Tuesday, much lower as compared to high 10% increase seen on previous day. …

Daily Capesize Review 10/5/21

Capesize freight rates rebounded on record high iron ore prices, which showed no signs of stopping due to the robust Chinese steel demand. The Capesize 5 time charter average then rose by $856 day-on-day to $41,514 on Monday, as market sentiment turned bullish with the meteoric rise of iron ore prices. The Baltic Dry Index …

Morning Steel and Scrap Report 11/5/21

Good Morning,   FOB China HRC   The index jumped by $64/t on Monday (10.5.21) to US$1014/t, MTD US$946.17/t.   Shanghai mainstream HRC ex-warehouse prices rose by Yn560/t to Yn6,620/t yesterday on heated market sentiment and active trade. Chinese mills are active in pushing up their export offers to follow the domestic price trend. Three …