Monthly archives: January 2022

Daily Capesize Review 25/1/22

Capesize freight rates extended losses over sluggish demand and vessel oversupply, though some demand improvement was seen in the Pacific market. The Capesize 5 time charter average, then fell by $755 day-on-day to $6,180 on Tuesday, due to the thin shipping activities. The Baltic Dry Index (BDI) also dipped by $48, down 3.45% day-on-day, to …

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Iron Ore DCE May Daily Technical Review 26/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract tested high several times however rejected by previous high at 777.0. A breakthrough and closing above 777.0 would indicate a continuous growth in mid-run. Otherwise buyers should be aware of the cross Chinese Lunar New Year holding risk. Hourly CCI re-entered the bullish territory. Hourly MACD …

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Daily DCE Review 26/1/22

Iron ore futures extended bullish run over market concerns over labor shortage among Australian miners and market optimism better steel demand post-Spring festival. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 3.40% day-on-day or up RMB 25.50 to RMB 776/mt, during the morning trading session on Wednesday. The rebar futures …

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