Monthly archives: October 2021

Aluminium—Rolling 3 month ( A Bull Wave Still to Come?) 01/10/21

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Ferrous trade weekly review 1/10/21

A total of 590,000 mt of iron ores was traded for the week ended Oct 1, down 2.67% on-week, due to short week as Chinese trade participants celebrated their week-long holidays. Restocking activities slowed down as the holidays approached in early October, while the power crunch and ongoing steel output cuts affected iron ore demand. …

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Daily DCE Review 1/10/21

The futures of Dalian Commodity Exchange (DCE) closed for the week-long Golden week holidays, though market participants held mixed view over the iron ore demand. Part of the market bearish sentiment was linked to poor economic data from China, as the country’s manufacturing PMI ratings fell to contractionary levels. In meantime, the China’s recent power …

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Daily Capesize Review 30/9/21

Capesize freight rates slumped to end its bullish run, as market concerns turned to mine closures and China’s public holidays. The Capesize 5 time charter average, then dropped by $610 day-on-day to $74,176 on Thursday, after some selloff in the market. The Baltic Dry Index (BDI) then dipped by $30, down 0.58% day-on-day, to $5,167, …

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