Monthly archives: January 2022

Daily Virtual Steel Mill Report 20/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China central bank decreased the one year Loan Prime Rate from 3.8% to 3.7%, the second month decrease. Five Year Loan Prime Rate decreased from 4.65% to 4.6%, previously this rate was fixed for 2o consecutive months. • U.K. December 2021 CPI up 5.4%, created the …

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Daily DCE Review 20/1/22

Iron ore futures inched up amid mixed market outlook, in view of slowing demand approaching holidays and expectation of more production curbs during Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.30% day-on-day or up RMB 9.50 to RMB 742/mt, during the day trading session on Thursday. The …

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Daily Capesize Review 19/1/22

Capesize freight rates dipped further on limited market activities, while vessels supply had been gaining grounds after easing of port congestions. The Capesize 5 time charter average, then dropped by $744 day-on-day to $10,169 on Wednesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $74, down 4.50% day-on-day, …

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