Monthly archives: March 2022

Daily Capesize Review 23/3/22

Capesize freight rates extended losses on lacklustre shipping activities with market concerns over poor weather and worsening covid situation in China. The Capesize 5 time charter average, then dropped by $629 day-on-day to $17,412 on Wednesday, after another session of market selloff. The Baltic Dry Index (BDI) however, improved by $29 day-on-day, or up 1.14% …

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Iron Ore DCE May Daily Technical Review 24/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract corrected slightly during the day. Hourly slow stochastic KD created the second dead cross near overbought area after the first one created this morning. Hourly CCI created bearish divergence and breakdown 100 during the first hourly of this morning. Short-run technical signals are indicating an exhaustion …

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Daily Virtual Steel Mill Report 24/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • China machinery excavators March sales number reached 40,000, down 49% y-o-y, down 36% compared with February. • The office of the U.S. …

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